Page-2 of International taxation Current Affairs, GK & News
The Reserve Bank of India (RBI) has recently constituted an 8-member task force headed by its former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency. The task force will assess the causes behind the development ..
France has recently introduced a new “GAFA tax” – named after the large internet and technology companies viz. Google, Apple, Facebook and Amazon – to ensure the global giants pay a fair share of taxes on their massive businesses in Europe. The so-called GAFA tax targeting major digital firms comes into force on 1st January ..
Category: Government Schemes Current Affairs
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 Income-tax Act, 1961, India can enter into agreement with foreign country or specified territory for ..
Topics: Base Erosion and Profit Shifting • BEPS • Corporate tax avoidance • Double taxation • Double Taxation Avoidance • Dtaa • Economy • Foreign direct investment • India China • International taxation • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting • National • Tax • Tax avoidance • Tax Evasion • Taxation in the United States • World economy
Border haats are specially designed marketplaces along the international borders. Currently, four border haats are operational along the India–Bangladesh border. Border haats have a made a new beginning through Promoting the well-being of the people dwelling in remote areas across the borders of the two countries by establishing traditional systems of marketing the local produce ..
Section 2 (1A) of the Income Tax Act defines agricultural income as rent/revenue from land, income derived from this land through agriculture and income derived from buildings on that land. Section 10 (1) of the Income Tax Act excludes agricultural income from a computation of total income. Neither of these sections is dispute-free and chartered ..