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 is on similar lines as entered into by India with other countries. ..

Tags: Avoidance of Double Taxation • BEPS project • Cabinet Decisions • Dtaa • National

Month: Current Affairs - March, 2018

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 more APAs in February 2018. All the seven were Unilateral APAs and ..

Tags: Advance Pricing Agreements • Apas • Banking • Business • CBDT

Month: Current Affairs - March, 2018

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  and prevention of fiscal evasion with respect to taxes on income and update ..

Tags: BEPS • BEPS project • Cabinet Decisions • Dtaa • India China

Month: Current Affairs - February, 2018

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 Economic Service Cadre and The Treasury, Government of Australia for period of ..

Tags: Cabinet Decisions • India-Australia • National • Secondment Programme • Taxation

Month: Current Affairs - February, 2018

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 Arvind Subramanian. The survey projects economy to grow in the range of ..

Tags: Business • Climate change • Economic Survey 2017-18 • Growth Forecast • GST

Month: Current Affairs - January, 2018

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 of the move is to make the Insolvency and Bankruptcy Code, 2016 ..

Tags: CBDT • Insolvency and Bankruptcy Code • minimum alternate tax • National • Taxation

Month: Current Affairs - January, 2018