Double Tax Avoidance Agreement

An official-level meeting between India and Cyprus was held in June to finalise the new India-Cyprus DTAA wherein all pending issues, including taxation of capital gains, were discussed, and an in-principle agreement was reached on all pending issues.

India's tax laws an impediment to foreign inflows: Karma Capital

Claiming that "India had lost face" globally due its taxation policy, Nandita Parker, Managing Partner of Karma Capital, attacked the amendment of the Mauritius agreement, saying it was an impediment to foreign investment.

Mauritius tax decision unlikely to impact rupee: Nomura

The USD has been trending strong against the emerging market currencies for the last few days and some Asian currencies like the Malaysian ringgit (MYR) have weakened against USD, but rupee level has been exceptionally stable at around 66.75-67 levels, Neeraj Gambhir, MD & Head- Fixed Income at Nomura.

A look at Double Taxation Avoidance Agreement with Mauritius

India today signed a tax pact with Mauritius, amending a few clauses in the Double Taxation Avoidance Agreement it had signed with the island nation way back in 1983. A look at the treaty, its genesis, and its benefits, and especially what the new amendments could mean.

Relief for Castleton; SC says MAT not applicable on co

The Supreme Court in its order said the Castleton matter is now laid to rest as the government has agreed to abide by the MAT circular. Post this, no dispute remains in the Castleton case, the apex court said.

Black money: 'No reason given for not revealing names'

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

India sends 200 secret tax info requests to Switzerland

India made requests for classified tax data exchange last fiscal to the Swiss Bank authorities. It has seen a 59 percent jump with 646 requests in 2012-2013, as opposed to 386 during the 2011-12 fiscal.

India starts getting banking information from Switzerland

The Finance Ministry today said it has started receiving banking and tax-related information from Switzerland following revision of a tax treaty, a development that will help India in combating the black money menace and bring back funds stashed abroad.

Is Mauritius open to revising the DTAA with India?

Some quarters in India want some aspects of the Double Tax Avoidance Agreement with Mauritius revised in order to plug tax evasion. In an interview with CNBC-TV18, Steve Flynn, chief executive officer, of GIIF and Iqbal Rajahballee the ex-CEO of Financial Services Commission, discuss the Mauritus’ standpoint.

India-Mauritius DTAA review not to impact FDI in long run

Review of India's three-decade old double tax avoidance agreement (DTAA) with Mauritius will not impact foreign direct investment inflows to the country in the long run, a senior government official said today.

DTAA re-negotiation with Mauritius to resume by Aug: Govt

Under intense pressure from the Opposition and the civil society on the issue of black money, the government on Monday said it has proposed re-negotiation by August of double tax avoidance pact with Mauritius, a route often said to be used to bring illegal wealth back to India.