Page-5 of Taxation Current Affairs, GK & News
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 the provisions on exchange of information of the DTAA to the latest international standards. Key ..
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 three months. Key Facts Under the Secondment Programme, one officer from Australian Treasury will be ..
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 7% to 7.50% in the next fiscal year 2018-19 in the post-demonetisation year. Suvey 2017-18 ..
Category: Reports & Indexes Current Affairs
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 more effective and minimise hardship faced by companies going in for insolvency resolution. Minimum alternate ..
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- ask your query’. It was announced by Minister of State (MoS) for Finance, Shiv Pratap Shukla while replying in the Lok Sabha. Since its launch in October ..