BEPS
Country by Country Report
The Director General of Income Tax (Risk Assessment) has designated the Joint Director of Income Tax (Risk Assessment) as the Income Tax Authority as given by the Income Tax Act. About CbC Report The ‘Country by Country’ report or the ..
India ratifies OECD’s convention to check Tax Evasion
India has ratified Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to prevent Base Erosion and Profit Shifting (BEPS). It will pave way for amendments to double taxation avoidance agreements (DTAA) with countries signatories to convention to plug revenue ..
Month: Current Affairs - July, 2019
India and China sign protocol to Double Taxation Avoidance Agreement to prevent tax evasion
India and China have signed protocol to amend Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income by allowing exchange of information. Under Section 90 of ..
Month: Current Affairs - November, 2018
India, Hong Kong sign double tax agreement
India and Hong Kong have signed agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Hong Kong is former British colony and is special administrative region of China which enjoys ..
Month: Current Affairs - March, 2018
Union Cabinet approves Protocol amending DTAA between India, China
The Union Cabinet has approved signing and ratification of protocol amending Double Taxation Avoidance Agreement (DTAA) between India and China. The DTAA aims for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and update ..
Month: Current Affairs - February, 2018
Government notifies third Protocol amending India-Singapore DTAA
The Union Finance Ministry has notified hird Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA). The agreement came into force in February 2017and was signed in December 2016. The Third Protocol amends the DTAA between both countries to provide for ..