India and Cyprus revise the double taxation avoidance agreement (DTAA)

A revised Double Taxation Avoidance and the Prevention of Fiscal Evasion (DTAA) agreement has been signed between India and Cyprus in Nicosia. This revised agreement will replace the existing DTAA that was signed in 1994. Cyprus is a major source of foreign funds flows in India. From April 2000 till March 2016, India received foreign direct ..

Topics: Double taxation • Dtaa • Economy • Foreign direct investment • International taxation • Mauritius route • Tax • Taxation in India • Taxation in the United States • World economy

India detected undisclosed income equivalent to Rs 565 cr in France

Undisclosed income of Indians amounting Rs 565 crore has been detected in France. This revealing information was shared by France which it shared under the exchange of information clause of the Double Taxation Avoidance Agreement (DTAA) which India had signed with the European country.

Month: Current Affairs - July, 2012

Topics: Double taxation • Economy • Foreign direct investment • International taxation • Mauritius route • Tax • Taxation in the United States • World economy

India, Indonesia ink DTAA

In order to prevent double taxation and fiscal evasion, India and Indonesia signed double taxation avoidance agreement (DTAA). The relationship b/w both countries is excellent and has strong historical and cultural ties. Both countries hope to achieve the trade target of 25 billion US Dollars by 2015. India and Indonesia are partners in the Non ..

Month: Current Affairs - July, 2012

Topics: Association of Southeast Asian Nations • Double taxation • Economy • Foreign direct investment • International taxation • Mauritius route • Tax • Taxation in the United States • World economy

Lee Hsien Loong, the Singapore PM finds Indian Business environment complicated

Singapore PM Lee Hsien Loong on his visit to India asserted that Business environment in India is complicated. From the term “Complicated” he was referring to red-tapism. Although he didn’t point to the proposed GAAR or retrospective Income Tax Act amendments, he held that companies investing in India look for predictability of rules. After Mauritius, ..

Month: Current Affairs - July, 2012

Topics: Asia-Pacific Economic Cooperation • Association of Southeast Asian Nations • Continents • Countries • Double taxation • Economy of Singapore • Gaar • General anti-avoidance rule • Mauritius route • Singapore • World

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 ..

Month: Current Affairs - May, 2012

Topics: Double taxation • Dtaa • DTAC • Economy • Exchange of information • International taxation • Mauritius route • Tax • Tax avoidance • Tax treaty • World economy