Source:   Press Trust of India

Chennai, Jul 13 (PTI) Notwithstanding Bar Council of India’s opposition to the opening up of legal services as per the GATT agreement, some experts in the sector say it would lead to a boom, similar to that in the IT industry.   
A tremendous growth could be witnessed in corporate legal sector and […]

Source: Financial Express

India wins shrimp anti-dumping battle against US court ruling

India has won a significant battle in its fight against the anti-dumping duty on shrimp with the United States Court of International Trade (CIT). The win allows India’s petition against customs bonds, which it had challenged at the WTO level. India is expecting a […]

India is considering slashing import duties on wine and spirits after the EU and the United States’s decision to file complaints before the World Trade Organization.
India has a lucrative alcohol market but the high duities keep the foreign companies from competing in the Indian market.
India’s basic import duties on wine and spirits - at 100 percent […]

According to the Press Trust of India, the Indian Supreme Court in a significant judgement has held that only the Indian income of foreign firms is taxable and that no tax can be levied on work done outside the country.
“Only such part of the income, as is attributable to the operations carried out in India, […]