Double Taxation Avoidance Agreement

Deputy PM of Singapore on Double Taxation Avoidance Agreement (DTAA) amendment says that he wants to maintain the relationship with India and this DTAA is a positive way forward.

India to sign DTAA amendment with Singapore today: Sources

It would be interesting to see whether the DTAA's modification will have a provision on capital gains akin to the Mauritius Treaty, whereby any investment made by a foreign institutional investor before March 31 2017, will enjoy full capital gain exemptions, says Abhishek Goenka, Partner At PwC.

India-US resolve 100 tax dispute cases worth Rs 5,000 cr

During the meeting, 66 MAP cases relating to Transfer Pricing issues and 42 MAP cases relating to Treaty Interpretation issues were agreed to be resolved successfully. MAP, under the Double Taxation Avoidance Agreement (DTAA), is an alternative dispute settlement mechanism available to authorities and foreign investors.

India-Japan amended tax treaty comes into force

The agreement to amend the 27-year old Double Taxation Avoidance Agreement (DTAA) was signed when Japanese Prime Minister Shinzo Abe visited India in December 2015.

Cabinet clears revised India-Cyprus tax treaty

The government on Wednesday cleared the revised double taxation avoidance agreement (DTAA) with Cyprus which will allow India to tax capital gains from April 1, 2017, reports CNBC-TV18‘s Sapna Das. Under the terms of the revised India-Cyprus DTAA treaty, investments till March 2017 will be grandfathered.

Mauritius may have got the rough end of the stick

The recently amended tax treaty with Mauritius surely has given India a clear advantage over tax evaders, but the island nation's coffers will be under stress, finds a Moody's report.

Govt dragged to court over India-Cyprus DTAA benefits suspension

The Supreme Court has agreed to hear the petition. It has also given a notice to the government to give clarity on its position to make such decisions with respect to the DTAA.

GAAR to override bilateral tax treaty provisions: Revenue Secy

The Limitation of Benefit clause under the Double Taxation Avoidance Agreement (DTAA) limits tax benefits to those who meet certain conditions relating to business, residency and investment.

India to boost investment in Iranian oil and gas sectors

India and oil-rich Iran today decided to significantly expand engagement in their overall ties, particularly in boosting Indian investment in joint ventures in oil and gas sectors in the Persian Gulf nation where foreign investors from major economic powers are rushing in to get early footholds after lifting of nuclear sanctions.

Tax dept resolves 175 disputes with MNCs under MAP: Sinha

Jayant Sinha further said that minimum disputes and certainty in the tax regime are important for creating a good investment climate.

Govt negotiating issues relating to DTAA with Mauritius

"India has proposed changes in the existing DTAA to address concerns relating to treaty abuse, around tripping of funds, double non-taxation and revenue loss. Both sides are working bilaterally to resolve these issues," Minister of State for Finance Jayant Sinha said in a written reply to Rajya Sabha.

Returning to India? Know your tax liability well

As an NRI returning to India, you can retain all your overseas assets including properties, market investments, stocks etc, provided you acquired them when you were residing outside India

Opening account in foreign bank is not crime: AG Rohatgi

Rohatgi told reporters after the Supreme Court hearing on the black money issue that details of only those accounts can be made public in which government decides to start prosecution.

'Cannot disclose names of people having black money abroad'

The government says that that the names cannot be made public as it violates the double taxation avoidance agreement.

Mauritius, India agree to 'limitation of benefit' clause

The LOB clause limits treaty benefits to those who meet certain conditions including those related to business, residency and investment commitments of the entity seeking benefit of a Double Taxation Avoidance Agreement (DTAA).

TRC sufficient proof of residence for FIIs: KPMG

Dinesh Kanabar of KPMG says that TRC is sufficient proof of residence for FIIs who want to avail benefits under the DTAA.

See sell-off if no clarity on FII tax issue: DSP BlackRock

S Naganath, president and CIO of DSP BlackRock Investment Managers, expects to see further selling if the government does not clear the confusion over the tax residency certificate soon.

Amendment In Act ≠ Amendment In Treaty

Recently, the Mumbai Income-tax Appellate Tribunal (the Tribunal) in the case of WNS North America Inc.,

Have exchanged info with India in 170 cases: Mauritius

Mauritius today said it has exchanged information related to over 170 cases with India over three years, and the two countries have made big progress on the double taxation avoidance treaty since 2006.

Plan to introduce DTC Bill in next Parliament session: FM

The Direct Taxes Code (DTC) Bill will be introduced in the next Parliamentary session where it will be scrutinized and examined, said Finance Minister Pranab Mukherjee.

India to get banking info from Switzerland on liberal terms

In a development that will boost the fight against black money menace, Switzerland has agreed to provide details of secret bank accounts of individuals sought by India even on the basis of limited information.

Tax planning for NRIs

Many people who go aboard for work find income tax planning very complicated. This article will enlighten you about the tax rules for NRIs and compliances attached to it.

Working on transparent GAAR mechanism: Eco Secy Gopalan

Speaking to CNBC-TV18, Economic Affairs Secretary R Gopalan said the government was working on an easy, transparent mechanism to implement GAAR.

Mauritius looks ever more doubtful for treaty benefits: E&Y

After a lacklustre Budget, the government has dealt another body blow to the market in the form of new General Anti-Avoidance Rules. Pranav Sayta, partner, Ernst & Young says all this is likely to change, making Mauritius an even more doubtful destination for treaty benefits.

Indo-Mauritius talks stuck; govt eyeing alternate options

There has been no headway in the Indo-Mauritius talks on the double taxation avoidance agreement (DTAA) as of yet, reports CNBC-TV18’s Akaansha Sethi.