Current Affairs

GK MCQs Section

Page-16 of Taxation

Central Board of Direct Taxes (CBDT) signed first Advance Pricing Agreements (APAs) with ‘Rollback’ provision.

In order to bring certainty in tax liability and avoid disputes in taxation with the multinationals operating in India, the Central Board of Direct Taxes (CBDT) for the...

August 7, 2015

India, US ink inter-governmental agreement to implement FATCA

India and United States have signed inter-governmental agreement to implement the Foreign Account Tax Compliance Act (FATCA). It was signed by Revenue Secretary Shaktikanta Das and US Ambassador...

July 9, 2015

Union Government opens compliance window for black money disclosure

Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015. The notified...

July 2, 2015

India, Thailand ink MoU on Double Taxation Avoidance Treaty

India and Thailand signed a Memorandum of Understanding (MoU) on double taxation avoidance treaty (DTAT). The MoU was signed during 7th meeting of the India-Thailand Joint Commission for...

June 30, 2015

India joins the Multilateral Competent Authority Agreement on Automatic Exchange of Information

India has joined the Multilateral Competent Authority Agreement (MCAA) on Automatic Exchange of Financial Account Information (AEOI). The new global standards has wide in scope and oblige the...

June 4, 2015

India, Belarus ink 6 agreements to boost co-operation

India and Belarus signed six agreements to enhance bilateral co-operation. The agreements were signed in presence of President Pranab Mukherjee during his state visit to Belarus. President Pranab...

June 3, 2015

Union Government Constitutes Justice AP Shah Committee to look into the issue of MAT on FIIs

Union Government has constituted Committee headed by Justice A.P. Shah to look into the issue of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs). It was announced...

May 13, 2015

Lok Sabha passes Goods and Services Tax Bill

Lok Sabha has passed the Goods and Services Tax Bill, 2014 which is also known as Constitution (122nd Amendment) Bill. The Bill seeks to amend the Constitution in...

May 6, 2015

Government makes PAN mandatory for central excise registration

Union Government has made Permanent Account Number (PAN) mandatory for private firms seeking central excise registration. As per the new rules, the PAN registration will now be given...

May 5, 2015

Drafting the Indian Financial Code

India’s financial market is deepening with the global interconnectedness and growing complexity in the economy. In such circumstances consumer at times become vulnerable to exploitation by the market...

March 13, 2015

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