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MNCs may face Rs 11,000 cr retro tax demand after SC ruling

Multinational companies based in the Netherlands, Switzerland, and France may face retrospective tax demands of around ₹11,000 crore on dividend income repatriated from India. This follows a Supreme Court ruling stating that the lower 5% withholding tax on dividend income is not applicable to all OECD countries on a most favoured nation (MFN) basis. The court held that the 5% rate only applies to companies based in countries with which India has a double taxation avoidance agreement (DTAA). ....

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MNCs may Face ₹11kcr Retro Tax Demand After SC Ruling

Several multinational companies headquartered in the Netherlands, Switzerland and France could be staring at retrospective tax demands for close to ₹11,000 crore on dividend income repatriated from India, following a Supreme Court ruling last week. ....

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Union Budget 2023-24: FIMI seeks hike in basic customs duty on import of primary zinc products

Read more about Union Budget 2023-24: FIMI seeks hike in basic customs duty on import of primary zinc products on Devdiscourse ....

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Top 5 read stories: 8-12 August 2022 - Insurance Age

The top five most read stories by brokers this week. ....

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Retail petrol prices tumble for fifth consecutive time

Domestic prices of petrol fell by approximately VND1,000 per litre in Vietnam as of 3pm on August 11, according to the latest price adjustment by the Ministry of Industry and Trade and Ministry of Finance. ....

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