Tax Treaty

What is the recent amendment to the Indo-Mauritius tax treaty and its impact on foreign capital flows?

India and Mauritius continue to make efforts to combat tax avoidance, this time by amending their Double Taxation Avoidance Agreement (DTAA) with a new Principal Purpose Test (PPT). This seeks to ensure that only genuine investments benefit from treaty provisions, rather than those solely for tax avoidance purposes.

P-notes to take a hit as new tax treaty ready to roll-out; Will tourist money leave?

The implementation of a tax treaty with Singapore and Mauritius could mean the end of p-notes as we know them,

India to levy tax on investments from Cyprus from April 2017

The new agreement also provides for exchange of banking information and allows the use of such information for purposes other than taxation with prior approval of competent authorities of the country.

Revised Indo-Mauritius tax treaty to curb tax evasion: FinMin

The revised tax treaty with Mauritius, which allows India to tax capital gains on investments routed through the island nation, will tackle round tripping of funds and curb tax evasion, Finance Ministry said today.

India-Singapore tax treaty: Mauritius-like amendment expected

The bilateral tax treaty helps in avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.

Govt notifies revised tax treaty with Mauritius

Government has notified the revised tax treaty with Mauritius under which India will impose capital gains tax on investments routed through the island nation from April 1 next year in a bid to curb tax evasion.

Govt invites stakeholders' comments on Mauritius DTAA issues

Earlier this week, the government had constituted a working group headed by a Joint Secretary-level officer to examine the "consequential issues" post amendments to the India-Mauritius Double Taxation Avoidance Convention.

See crude at $80 a bbl in second half of this year: Geoff Lewis

Manulife Asset Management's senior strategist also talked about the Mauritius treaty. He said the amendments in the India-Mauritius tax treaty aren't retrospective and they certainly address many tax issues.

Investors making money must pay taxes; no fear of FDI loss: FM

With a revised Mauritius pact in place to check round-tripping, Finance Minister Arun Jaitley today said investors must pay taxes on money earned in India and ruled out any depletion of FDI due to imposition of capital gains tax on investments through the island nation.

See mkt ending 2016 higher, buy Nifty on every dip: Sukhani

Mauritius treaty will level the playing field and it will benefit the serious foreign institutional investors (FIIs) looking to invest in India, says market expert Ambareesh Baliga.

India's outperformance to continue; Mauritius treaty +ve: Mizuho

Tirthankar Patnaik, India Strategist, Mizuho Bank is of the belief that the outperformance of the Indian market will continue barring any evet. He says the fourth quarter performance was one of the best amongst the four.

GAAR Draft 2: A Course Correction!

By: Sunil Jain, JSA

Sensex drops on foreign selling fears

The Sensex and the Nifty dropped on Friday as India's review of a tax treaty with Mauritius and the rupee's slide to four-month lows exacerbated fears about foreign outflows.

Sensex hit by Mauritius tax treaty review

The Nifty fell to its lowest intraday levels since January 30 on Friday after MoS Finance SS Palanimanickam said India is reviewing its tax treaty with Mauritius.

BIT Notice: Desperate Measure or Trump Card?

This week we ask: Investment treaty, tax treaty, constitutional validity of retroactive amendments...does any road lead Vodafone to a no-tax destination?

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.

India, Switzerland hopeful of bank info exchange this year

The years-long veil of secrecy over the alleged black money stashed away by Indians in Swiss banks may end soon with India and Switzerland both exuding confidence that their revised treaty for sharing of account details would come into effect this year.