FTS
Best Abacus for your kid to enhance their math skills with fun
From fostering fundamental math skills to nurturing cognitive development, these meticulously curated selections are tailored to ignite your child's passion for learning. Whether you seek a traditional abacus steeped in history or a modern marvel designed for STEM exploration, embark on a journey where learning meets innovation. Explore the best abacus picks that promise to elevate your child's educational journey to new heights.
RBI releases finalised framework for Indian fintech sector's self-regulatory body
The Reserve Bank of India (RBI) has finalized a framework for self-regulatory organizations (SROs) in the fintech sector, considering stakeholder feedback on draft norms from January 15. These SROs will be industry-led, responsible for regulatory standards, ethical conduct, market integrity, dispute resolution, and fostering transparency, the central bank said in a statement.
The factors that can drive respectable equity returns over the medium term according to R. Janakiraman, Franklin Templeton
The postponement of rate cuts has placed the market’s emphasis on earnings growth. What is comforting is that the rate cuts have been pushed back in the backdrop of resilient global economic growth, says R. Janakiraman of Franklin Templeton.
Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI
In the January-toMarch quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Analysts said this was a sign that AI is contributing to the growth and that overall cloud spending is also accelerating, Reuters reported. On the other hand, Meta CEO Mark Zuckerberg in its earnings call emphasised the company’s longterm investment in AI, which led to its shares sinking by 19% on Wednesday, wiping out over $200 billion in market capitalisation.
Indifference marks Barak Valley's response to CAA applications as Assam polls near
The Citizenship Amendment Act (CAA) in Assam's Barak valley has been met with indifferent responses from intending applicants, who are more concerned about getting their names cleared from the foreigner's tribunal and abolition of detention camps. The Citizenship (Amendment) Act, 2019, was implemented in March to fast-track citizenship for undocumented non-Muslim migrants from Pakistan, Bangladesh, and Afghanistan who came to India before December 31, 2014.
Edelweiss invests Rs 775 cr in Prateek Realtors and Suruchi Properties
Suruchi Properties is part of Century group, real estate groups based out of Bangalore. The company is engaged in development of residential projects namely Golfview located at Indiranagar, Bangalore with total saleable area of 8,73,238 Sq fts.
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Royalty rate under Spain DTAA notified
The notification holds importance especially in view of the recent Supreme Court judgement in the case of Nestle wherein it was held that the Most favoured Nation clause is not auto-executory. "The notification ensures availability of the benefit of lower Tax Rate with respect to Royalty income & FTS under the India Spain Tax Treaty," Pranav Sayta, Partner & Leader International Tax and Transaction Services, EY India said.
Interim Budget 2024: Government may simplify withholding tax math
Budget 2024: There are several tax deducted at source (TDS) provisions with different thresholds and multiple rates. This has created a TDS maze that leads to frequent disputes as well as the blocking of working capital at businesses.
Delhi HC relief for Godaddy in royalty case
Accepting the stand of Godaddy.com, a Division Bench comprising Justices Rajiv Shakdher and Girish Kathpalia said that the assessee was only “acting as a registrar and thus offering its services to its customers for having their domain names registered".
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).
View: As the Adani saga gets murkier, India’s parliament must step in
The Financial Times recently revealed a secret paper trail that suggests a capture of weak regulatory institutions by powerful business interests related to Gautam Adani, an infrastructure tycoon from India. While some view this as evidence of an “anti-India ecosystem in the West,” others believe the Indian government should order a joint probe to settle the debate. The Securities and Exchange Board of India should investigate if the Adani Group breached the rule that at least 25% of stock in listed companies must be owned by public shareholders. Parliament should step in if the government fails to uphold this rule.
Income Tax department issues Rs 549-crore tax demand notice to AWS
The tax department detected that AWS was charging a fee for providing cloud computing services to Indian entities but not paying tax on it, they said.
In a first, ISRO supplies rocket system to support a private launch vehicle
"The official handing over event happened marking the culmination of multiple rounds of interactions about interfacing, handling and using these systems on Agnikul's launch vehicle 'Agnibaan', the national space agency headquartered here said in a statement on Friday.
Infiltration bid foiled in J-K's Uri, three terrorists killed
"Army and Baramulla Police #neutralised 03 #infiltrators (FTs) near Madiyan Nanak post in #Kamalkote sector of #Uri. More details to be followed," Kashmir Zone Police said in a tweet.
Pakistani militant killed in encounter in J-K's Baramulla
Inspector General of Police (IGP), Kashmir zone, Vijay Kumar said one Pakistani terrorist was killed in the encounter.
A person declared 'Indian' by FTs cannot be declared foreigner by tribunal for second time: Gauhati High Court
The High Court observed that the common theme which runs through the batch of writ petitions filed before them is the applicability of the principle of 'res judicata'.
Infosys Payments to China Unit Liable for Tax Deduction at Source: ITAT
The Bengaluru bench of ITAT has rejected Infosys' submission about non-taxability of the payment due to treaty benefits under India-China Double Tax Avoidance Agreement (DTAA).
Assam's Foreigners Tribunals have Declared 143,466 people as foreigners, says minister
Nityanand Rai said the Assam government and Union territory administrations were delegated powers and functions to make necessary arrangements for detention centres or camps as per their requirement.
Overnight encounters in Kashmir, five terrorists killed
The gunfights, which broke out on Saturday night, took place in Pulwama and Budgam districts of the Kashmir valley. While four terrorists were killed in the encounter in Naira area of Pulwama, in south Kashmir, one ultra was killed in Chrar-i-Sharief area of the central Kashmir's Budgam district, a police official said.
The future of sports currency: What are fan tokens and how do they work?
Fan tokens or sports cryptocurrencies are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
Selection list of ministerial staff against 200 additional foreigners’ tribunal will not expire, says Assam govt
Recently the Gauhati High Court directed the Deputy Commissioners of all the districts to take immediate steps to ensure that the minimum infrastructural facilities, so as to ensure a decent working condition in FT across the State wherever necessary, is put in place without further delay.
Gauhati HC directs Deputy Commissioners to take steps to ensure minimum infra facilities without further delay
The approval of the Government of India, in the Ministry of Home Affairs, regarding extension of service of 200 additional FT Members is still awaited, as a result of which, there is some uncertainty in the functioning of those Tribunals.
ABB tax ruling: Fee for Technical Services taxable only in the year of receipt under India-Germany tax treaty
As per the detail of the case Germany headquartered arm of ABB, the Swedish-Swiss multinational, had received some money for testing and inspection charges. These were categorised as FTS, but the company did not include this in the tax filings in the country.
Tax respite for Bombardier in a transfer pricing case involving Indian arm
The company is a tax resident of Sweden and an entity for the Rail Control Solutions business of Bombardier. As per case details, the company was mainly into manufacturing of train control and signalling systems for mass transit systems. The Sweden based company had provided sales and other services to its Indian arm and charged a fee for the same.
Titan ties up with American watchmaker FTS
As part of the partnership, Titan will further extend its support to FTS by supplying quartz movement kits and training the US engineers.
Now, services to attract 10 per cent tax under revised DTAA
Tax experts said that now if a company's employees spend 90 man days in India, then the companies' business income in India will be taxable at 40 per cent.
IIM Ahmedabad ranks 24 in FT’s Global MBA Ranking 2016
While IIM Ahmedabad has edged up two places in the overall list from 26th rank last year, ISB has moved up from 33nd spot and IIM Bangalore from 82nd last year.
Infosys completes smart OFS solution project at FTSI
Infosys today said it has completed the implementation of Smart Oilfield Services (OFS) Solution for SAP ERP at FTS International.
Uday Kotak eyes FT’s 15 per cent stake in Indian Energy Exchange
Uday Kotak is said to be eyeing an opportunity in Financial Technologies, with the knowledge that Kotak Mahindra Bank is interested in picking 15% in IEX.
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