Page-4 of Taxation
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. ..
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 ..
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 ..
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 ..
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 ..
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 ..