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DTAA TREATIES
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
NRI alert: The country you live in could be worth lakhs in tax savings on your India income
Dividend given to non-residents can’t be taxed at rates higher than DTAA, rules Bombay High Court; Know what it means for NRIsThe Bombay High Court has delivered a significant ruling on dividend taxation for foreign companies. Dividends paid by Indian subsidiaries ...
Does 'Tiger Global' leave investors confused, or finally put economic substance over legal form?The Supreme Court has ruled that a Tax Residency Certificate (TRC) is not conclusive proof of eligibility for Double Taxation Avoidance Agr...
Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...
ITAT gives relief on DDT by local companies on dividends to foreign shareholdersThe Delhi Income Tax Appellate Tribunal said that in the case involving an Indian subsidiary of German company Giesecke & Devrient GmbH, th...
Cabinet clears India-Qatar double taxation avoidance treatyThe existing Double Taxation Avoidance Agreement (DTAA) with Qatar was signed on April 7, 1999, and came into force on January 15, 2000.
India notifies revised tax treaty with KenyaThe revised Double Taxation Avoidance Agreement (DTAA) was notified on February 19, 2018, a finance ministry statement said.
DTAA benefits applicable to partnership firms in India, UKCBDT has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the U...
India to make efforts to check Mauritius DTAA misuse: OfficialConcerned over the misuse of double taxation treaty with Mauritius by certain entities, the government is working on measures to check such...
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...
Status quo till DTAA with Mauritius is renegotiated: FMFM P Chidambaram today said that status quo on taxation of investment from Mauritius will continue till the renegotiation of DTAA .
- Domestic laws should not override tax treaties: Mauritius
Mauritius today said domestic legislations should not over-ride the double taxation avoidance treaties between the two countries.
- Finance Ministry for capital gains tax rights on investment from Mauritius
Concerned over misuse of the Indo-Mauritius tax treaty, an official has said India will press for right to tax capital gains at the ongoing...
- Tax payable on import of all software: Delhi ITAT
TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order...
- Key info disclosure not a must for tax treaty benefits: ITAT
A company is entitled to tax treaty benefits between India and another country even if it fails to disclose some key information. Learning ...
- Mauritius to finalise tax treaty by Dec
After tightening of tax residency certificate norms, Mauritius may put in place more such procedures by December to address India’s concern...