Page-5 of International taxation Current Affairs, GK & News

India Bahrain ink accord to prevent tax evasion

India inked an agreement with Bahrain to tackle issues related to tax evasion and avoidance. The Agreement for Exchange of Information with respect to taxes usurps worth viewing Indian government’s attempts to chase black money.

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DTAC modifications between India & the Netherlands

DTAC: Double Taxation Avoidance Convention Both India and the Netherlands have concluded a Protocol to amend the Article 26 of the DTAC concerning exchange of information to bring it in line with international standards. What does this article 26 of DTAC relates to? Article 26 (Exchange of Information) of the DTAC deals with sharing of ..

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India, Malaysia ink DTAA to boost trade

India and Malaysia inked a DTAA (Double Taxation Avoidance Agreement) to encourage bilateral trade and alleviating exchange of tax information. The objective of the agreement is to evade incidence of double taxation on income by determining the taxing rights b/w countries.

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Multilateral Convention relating to Tax Matters inked by India

· Indian finalized a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. This device as yet was available only for the members of Council of Europe and OECD , but was amended in 2010 and thrown open to all countries from last June. The Meeting was amended to answer this year’s G20 call for ..

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Current Affairs: January 2, 2012

Government to allow QFIs to invest in India The Government has started the New Year with an important policy change by deciding to allow the Qualified Foreign Investors to invest in Indian equity markets. The Qualified Foreign Investor is an individual or group or association resident in a foreign country that is compliant with Financial ..

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