Withholding Tax

According to Vikas Halan, credit spreads can‘t be more than 500 basis points for more than five year paper and the use of proceeds are also restricted.

QFIs may soon be exempted from withholding tax on cap gains

Currently FIIs enjoy an exemption from withholding tax on short term capital gains. So, the tax that they pay is not as TDS but it is as an advance tax. The same treatment is going to be extended to QFIs which will now not have to pay TDS, but can pay the advance tax.

Lok Sabha passes Finance Bill; here are key amendments

After much uproar over coalgate scam and walkout by opposition, the Finance Bill for 2013-14 was finally passed in Lok Sabha without a debate, but with certain key amendments announced by the Finance Minister P Chidambaram.

Budget may cut withholding tax on debt instruments: Sources

In the upcoming Budget the Finance Minister P Chidambaram may rationalize the withholding tax on debt instruments.

Re can appreciate if equity momentum continues: BoA

Jayesh Mehta, MD & country treasurer, Bank of America, says that the cut in withholding tax will help people to borrow at a better pricing. If the equity momentum continues, then we will see the rupee to going lower than 54.

Mkts may see 5-10% cut before resuming uptrend: StanChart

Given the recent positive developments on the Indian political and policy front, it is likely that the current rally may have more legs, Steve Brice, chief investment strategist, Standard Chartered Bank told CNBC-TV18. He expects the global markets to see a 5-10% pullback before the upward trend resumes

Tech Mahindra boosts revenue with $87m Hutch buy

CNBC-TV18 's Kritika Saxena reports that Tech Mahindra executive vice-chairman Vineet Nayyar and CFO Sonjoy Anand have clarified that the company will comply with the government‘s norms and pay the withholding tax regarding the acquisition of Hutchinson Global Services

FinMin may soon reduce withholding tax on ECBs

The Finance Ministry is working on a proposal to reduce the incidence of withholding tax on external commercial borrowings (ECB) to encourage Indian companies to raise funds from overseas markets.

Measures to be more significant for better impact: Experts

Siddhartha Sanyal, chief India economist, Barclays and Jamal Mecklai CEO, Mecklai Financial Services discuss on CNBC-TV18 that for better impact, measures by the government and the RBI had to be significant and considerable.

FX loans to get cheaper as FM cuts withholding tax

The FM today cut the withholding tax from 20% to 5%. Hitherto this lower rate was only for infrastructure loans. This innocuous looking amendment may change the way Indian corporate borrow, reports CNBC-TV18‘s Latha Venkatesh.

Vodafone pays over USD 400m more to buy Essar's 33% stake

Revising the deal, UK-based Vodafone today agreed to pay over USD 400 million more to its Indian partner Essar for buying its 33% stake in the joint venture Vodafone-Essar.