Page-3 of Topic: Taxation
India, Hong Kong sign double tax agreement
India and Hong Kong have signed agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Hong Kong is...
India-Iran: Cabinet approves Agreement for Avoidance of Double Taxation
The Union Cabinet has approved Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income between India and Iran. The Agreement... CBDT achieves important milestone of signing 200 APAs
The Central Board of Direct Taxes (CBDT) has crossed an important milestone of having signed 200 Advance Pricing Agreements (APAs). It was achieved after it entered into seven...
Union Cabinet approves Protocol amending DTAA between India, China
The Union Cabinet has approved signing and ratification of protocol amending Double Taxation Avoidance Agreement (DTAA) between India and China. The DTAA aims for avoidance of double taxation...
Cabinet approves signing of India-Australia MoU for Secondment Programme
The Union Cabinet approved signing of Memoranda of Understanding (MoU) for Secondment Programme between India and Australia. The MoU will be signed between Department of Economic Affairs (DEA)-Indian...
Highlights of Economic Survey 2017-18
Union finance Minister Arun Jaitley tabled the Economic Survey 2017-18 in Parliament during 2018 budget session. The survey was authored by chief economic adviser in the finance ministry... CBDT relaxes norms for MAT on firms facing insolvency
The Central Board of Direct Taxes (CBDT) has announced to relax norms around levy of minimum alternate tax (MAT) for insolvent companies from financial year 2017-18. The purpose... Income Tax Department launches on-line chat service
Income Tax (IT) Department under the Union Finance Ministry has launched an on-line chat service on its national website www.incometaxindia.gov.in with a prominent icon stating ‘Live Chat Online-... Saudi Arabia, UAE introduce VAT for first time
Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value Added Tax (VAT) for the first time to increase their...
India-Switzerland ink agreement automatic sharing of tax-related information
India has signed agreement with Switzerland for automatic sharing of tax-related information from January 1, 2018 with an aim to combat black money. Prior to it, India had...What is the meaning of Assessed Value?
Assessed Value refers to the assessment of the property for its monetary worth for the purpose of taxation. This price is known as its assessed value. The assessment... 