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Total 55 results found. Search for [ Indirect Transfer Provisions ]

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PTI
October 3, 2018



PTI
October 3, 2018
Income Tax authorities, which had previously asked Walmart to explain the logic behind its tax deductions on the $16 billion Flipkart deal, have the option to seek more clarifications from the US retailer once they study the reply.


PTI
October 3, 2018



PTI
September 16, 2018
As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.


PTI
September 2, 2018
As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.


BusinessToday.In
August 31, 2018
The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.


BusinessToday.In
New Delhi, July 13, 2018
Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.


Prosenjit Datta and Rajeev Dubey
New Delhi, July 9, 2018
As the Goods and Services Tax turned one, Business Today organised a discussion to understand how the journey had been so far, and what needed to be done in future. The panel, comprising Anita Rastogi, partner, indirect tax, PwC; Abhishek A. Rastogi, partner, Khaitan & Co; Atul Gupta, senior director, Deloitte, Haskins & Sells LLP; Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations; Harpreet Singh, partner, indirect tax, KPMG; and Anil Bhardwaj, secretary general, Federation of Indian Micro & Small and Medium Enterprises held a 90-minute discussion


PTI
New Delhi, June 3, 2018
The tax department is currently studying the details received from Flipkart, said an official, adding that they can issue notices seeking details of taxes withheld once the transactions are completed.


Dipak Mondal
New Delhi, May 28, 2018
The Walmart-Flipkart deal is a possible nightmare for the tax department given the complex holding structure of the Indian e-commerce giant.


PTI
New Delhi, May 13, 2018
The tax department had last week written to Bentonville-Arkansas based Walmart saying that the US retail company can seek guidance about the tax liability under Section 195 (2) of the Income Tax Act.


Dipak Mondal
New Delhi, May 10, 2018
The tax on the deal arises due to indirect transfer provisions of Indian income tax laws. The tax provisions say income arising out of transfer of share of a company registered outside India is taxable in India, if such shares derive substantial value from assets located in India.


BusinessToday.In
May 9, 2018
According to tax experts, there are two taxation angles to the Walmart-Flipkart deal, if it goes through.


BusinessToday.In
May 7, 2018
The largest-ever deal in India's booming e-commerce space is in its final leg. Flipkart, country's biggest e-talier, has bought back over 1.8 million shares worth more than $350 million from minority investors, clearing the decks before its sale to Walmart.


Dipak Mondal
New Delhi, April 9, 2018
The states are leaving no stones unturned when it comes to compliance of the inter-state e-way Bill, which came into force from 1 April.


Joe C Mathew
New Delhi, December 7, 2017
Apex industry bodies such as Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), and others have flagged their GST concerns in the pre-Budget consultations Jaitley has had with them.


Dhananjay Singh
New Delhi, September 25, 2017
As a learning from the VAT experience, legal teeth was sought to be provided in GST law to check profiteering by businesses when GST is being rolled out in the country.


Smitha Francis
New Delhi, July 27, 2017
Like its other new-age FTA cousins, RCEP also goes far beyond trade liberalisation.


PTI
New Delhi, June 26, 2017
E-commerce companies will not be required to collect 1 per cent TCS (Tax Collection at Source) while making payment to suppliers under the Goods and Services Tax (GST) which will be rolled out from July 1.


Team BT
Delhi, February 6, 2017
The first Budget since demonetisation has been a careful exercise by Finance Minister Arun Jaitley. It caters to the core constituency - farmers and lower income people - while not introducing anything that hurt industry.


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