Current Affairs

GK MCQs Section

Page-12 of Taxation

Income Declaration Scheme 2016 to open from 1st June 2016

The Income Declaration Scheme 2016 or four month window for declaration of domestic black money shall come into effect from 1st June 2016. The window provides an opportunity...

May 16, 2016

India, China and four others courtiers sign pact on tax info sharing

India and other 5 countries viz. Canada, Iceland, Israel, New Zealand and China have signed OECD’s (Organisation for Economic Co-operation and Development) Multilateral Competent Authority Agreement in Beijing...

May 13, 2016

India, Mauritius signs Protocol to Amend Taxation Methods

India and Mauritius have signed a protocol to amend taxation methods for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on...

May 11, 2016

India, US to collaborate on tackling offshore tax evasion

India and United States (US) have agreed to enhance collaboration on tackling offshore tax evasion and increase co-operation in sharing of cross-border tax information. Decision in this regard...

April 15, 2016

India, Maldives sign six agreements in different sectors

India and Maldives have signed six agreements in different sectors to boost bilateral relations between both maritime neighbouring countries. These agreements were inked after comprehensive talks between visiting...

April 11, 2016

Union Government imposes safeguard duty on import of steel products

The Union Finance Minister has extended the safeguard duty on import of some steel products by two years i.e till March 2018. In this regard, the Central Board...

April 2, 2016

CBDT sings 11 unilateral Advance Pricing Agreements

The Central Board of Direct Taxes (CBDT) has signed 11 unilateral Advance Pricing Agreements (APAs). With this CBDT has so far entered into 59 bilateral or unilateral APAs....

March 29, 2016

Union Government announces to withdraw tax proposal on EPF

The Union Finance Ministry has announced to withdraw its proposal to tax Employee Provident Fund (EPF) withdrawals. It was announced by Union Finance Minister Arun Jaitley in the...

March 9, 2016

Union Cabinet gives nod to India-Maldives double taxation Agreement on airlines

The Union Cabinet has given its approval for signing of an Agreement between India and Maldives for the avoidance of double taxation of income from international air transport....

February 25, 2016

Union Government launches Portal to collect Non-Tax Receipts

Union Government has launched has launched Non-Tax Receipt Portal (NTRP) to electronically collect non-tax receipts. It was launched by Union Finance minister Arun Jaitley as part of Union...

February 16, 2016

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