Mncs

Income Tax Department proposes new norms for taxing MNCs in India; invites comments from stakeholders

MNCs incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.

Karnataka High Court slaps Rs 1 lakh fine on tax official: Hit them where it hurts the most

The Karnataka High Court has ordered the high-handed and willfully defiant service tax official to cough up a hefty Rs 1 lakh as fine from out of his personal sources i.e. without burdening the department.

MNCs play truant, cite vague reasons for not passing on GST rate cut benefit to consumers

According to anti-profiteering rules, the authority will suggest to MNCs a return of the undue profit earned from not passing on the GST rate cut benefit to consumers along with an 18 percent interest as also impose a penalty.

Sandeep Dikshit takes jibe at Narendra Modi's Davos speech, says PM has become 'an agent of foreign companies'

Congress leader Sandeep Dikshit on Sunday took a swipe at Prime Minister Narendra Modi over his speech at the World Economic Forum summit in Davos, alleging that "you have become an agent of foreign companies".

Budget 2018: Industry may pitch for simpler GST to make it taxpayer-friendly, says KPMG

There still remain certain areas such as streamlining the GST compliance and improving the GST Network IT Platform which requires immediate attention

Global Financial Integrity report is not unique, but frenetic illicit movement of funds from India is revealing

Resistance would come not only from entrenched MNCs but also from powerful tin pot dictators whose substantial presence in sub-Saharan Africa, as the GFI report bemoans is a cause for concern

H-1B, Singapore protectionism: Calm down, this is no do or die battle, Indian IT has weathered bigger storms

India IT firms have been accused of taking Indians even in job roles that could have had local hires in the countries they operate from.

R&D Centres Help Enterprises Save USD 40 bn

R&D operating costs to increase by a CAGR of 6.7% through FY 2020.

Domestic PC Vendors Struggle To Match Up With MNCs

Indian vendors account for only14% of the Indian desk-based PC market and 6% of the Indian mobile-PC market.

Cauvery dispute: Brand Bengaluru has been hurt badly, Mohandas Pai tells Firstpost

Loss to businesses in Bengaluru in the last few days because of the violence over the Cauvery dispute has been immense, said TV Mohandas Pai, chairman of Manipal Global Education and a member of the board of directors of Infosys.