Business

DTAA: India Wants Aus To Stop Tax On IT Cos’ Offshore Income

NEW DELHI: There is a need for an early amendment to the India-Australia Double Taxation Avoidance Agreement (DTAA) to stop taxation on offshore income of Indian IT firms, Union MoS for Commerce Anupriya Patel told a senior Australian official. The Union minister of state raised the matter during her meeting with visiting deputy premier of […]

After India’s ₹4400 Cr Tax Slap, China’s Oppo Seeks Sympathy

NEW DELHI: Hours after the Directorate of Revenue Intelligence (DRI) issued a show cause notice to Chinese phone maker Oppo India for duty evasion to the tune of Rs 4,389 crore, the phone maker said that it has a different view on the charges mentioned and it believes that it’s an “industry-wide” issue many corporates […]

Govt Reconstitutes Board Of Trade, TCS CEO, Amul MD Among 29 Ex-Officio Members

  NEW DELHI: The Commerce Ministry on Monday reconstituted the Board of Trade, a top advisory body on external commerce, by notifying the appointment of 29 non-official members. The new board members represent a mix of large and small enterprises with sectoral and geographical distribution, government officials said here. The Board of Trade in which […]

Musk Says Twitter Forcing Him To Buy It In Court

NEW DELHI: Two days after terminating the USD 44 billion deal, tech billionaire Elon Musk on Monday said that Twitter wants to take him to the court to force him for buying the micro-blogging platform. The Tesla CEO posted a meme on his official account after reports stating that Twitter has hired a top legal […]

Maruti’s Vitara Makes A Comeback

NEW DELHI: Maruti Suzuki India Limited today opened bookings for its upcoming premium SUV – The Grand Vitara. “Building on the momentum of its recent launch of the all-new Brezza in the compact SUV segment, the company is all set to strengthen its presence in the mid-SUV segment with the Grand Vitara scheduled for global […]