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DTAA FOR US AND UK
Budget 2025 leaves NRIs with a more complicated financial futureThe Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income...
Investing in US, foreign stocks? Know how buying, selling these scrips are taxed in IndiaWhether you are an experienced investor or have just started out, you have to comply with certain tax rules when you invest outside India. ...
NRIs, foreign nationals stranded in India to submit details of double taxation by March 31In a circular, the CBDT said that if any individual is facing double taxation even after taking into account the relief provided by the rel...
Five FPIs challenge MAT before Bombay High Court; hearing on May 6As the MAT issue tripped the market -- Sensex shed more than 900 points in April alone -- the government has reached out to FPIs.
FII tax liability to be much lower post DTAA benefits: Govt sourceFollowing a ruling by the AAR, the revenue dept has sent notices to 68 FIIs for payment of dues totalling Rs 602.83 crore towards Minimum A...
Black money debate: Government agrees to bring white paperFM has directed NIPFP, NIFM and NCAER to come out with a defendable assessment of the quantum of black money.
- Black Money: Finance Ministry to ask tax havens for past banking info
The Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in s...
How NRIs can claim TDS exemptionAny claim for reduced rate of TDS or exemption from TDS will be available only if you have a Permanent Account Number (PAN), so make sure y...
How DTAA provisions help NRIs avail reduced TDS rate on certain incomes in IndiaIf you are availing this lower rate, you would need to submit a tax residency certificate (issued by the country of your residence).
How to remit NRO account funds abroadIn order to remit funds from the NRO account, you would need to submit two documents: Form 15 CA and Form 15 CB. Check out the process.
- As demanded by industrialists Ratan Tata, Anil Ambani, Anand Mahindra, Y C Deveshwar, N R Narayana Murthy, G M Rao, R P Goenka and Shashi Ruia, amnesty scheme on cards for black money
Sources said devising an amnesty scheme was one of the demands of industry captains who had met the FM last month.
- G20: India to press for transparency in tax havens
India will press for transparency in the functioning of tax havens at the G20 Finance Ministers meeting here today to unearth "ill-gotten" ...
- FDI from Mauritius crosses $50 bn
India's foreign direct investment through Mauritius, considered a tax haven, has crossed $50 billion accounting for 42 per cent of the tota...
- Black money trail: Swiss ready to revise treaty
India wants to renegotiate DTAA, a tax treaty in force since 1995, to obtain details of bank accounts maintained by Indians in Switzerland....
- Aishwarya gets tax relief on earnings abroad
The Income-Tax Appellate Tribunal (ITAT), Mumbai, has allowed the actress to take credit for the tax already paid in the UK and the US.
- Ash gets tax relief on US, UK earnings
Actress Aishwarya Rai has got tax relief for earnings from the UK and the US. The Income-Tax Appellate Tribunal (ITAT), Mumbai has allowed ...
Tax implications of an overseas assignment in the year of departureIf an overseas assignment is not planned keeping tax implications in mind, there could be additional tax burden & painful compliances. Spec...
- Govt plans law to counter cross-border tax evasion
The government is planning to introduce strict laws to check cross-border tax evasion, often done though special transactions.
- Investing abroad? Check out treaty benefits
Recently, the Reserve Bank of India permitted resident individuals to remit up to $50,000 per financial year.
- Foreign firms may have to pay tax on technical service
Payments made to several foreign companies offering technical services, including financial services, are set to come under the tax net.