News › Weekly Alert Article
Tax Edge - Latest updates within Tax September 2010
Tax Edge highlights the latest direct and indirect tax cases within high court decisions, tribunal decisions, excise and customs, service tax and VAT. It also looks at the recent legal notifications and circulars. Taxand India summarises the latest cases within these areas such as the Supreme Court decision that liquidated damages is a capital receipt which isn't liable to tax and the transfer pricing ruling in the case of a captive software developer.
Tax Edge assesses a number of cases that companies in foreign jurisdictions may find of interest especially when they are considering if they are complying by the tax regulations. For example, the Commissioner in India ruled that the transfer of shares in an Indian Company was liable to capital gains tax even if the transfer happened outside India.Your Taxand contact for further queries is:
T. +91 22 3021 7010