UPL tumbles 5% after KPMG resigns as auditor of Mauritius arm“We hereby submit our resignation as auditors of UPL Corporation Limited with immediate effect. There are no circumstances connected with o...
16 Oct, 2020, 12.32 PM IST
NuPower valued at Rs 700 crore for Mauritius investorNuPower Renewables is central to the quid pro quo allegations over loans given by ICICI Bank, which is headed by Chanda Kochhar, to Venugop...
16 Apr, 2018, 06.04 PM IST
KPMG acquires global fintech innovation and matchmaking platform Matchi"These acquisitions are important from the perspective of the growth of Fintech sector, both globally and in India,” said Neha Punater, Hea...
10 May, 2017, 04.44 PM IST
Mauritius to remain major FDI source till March 2019: Experts"It seems that Mauritius is a better treaty on two counts -- 50 per cent concessional capital gains tax rate and 7.5 per cent withholding t...
25 Aug, 2016, 06.01 PM IST
PEs, VCs may eye new tax havens like Sweden and Cyprus as government tweaks Mauritius pactThey may take a close look at the special purpose vehicles that carry the investments as there are fears that all such tax treaties may be ...
13 May, 2016, 03.53 AM IST
PE Fund SAIF Partners moves court; accuses Catmoss promoters of cooking booksIn a petition filed before the court, SAIF Partners, has accused company promoters of fraudulently raising money without the PE firm’s cons...
14 May, 2013, 05.00 AM IST
India can't afford to amend Income Tax Act for treatment of DTAA: KPMGIndia cannot "afford" to bring amendments in Income Tax Act in regard to Double Taxation Avoidance Agreement.
01 Mar, 2013, 09.56 PM IST
GAAR fallout: Mauritius pushes India to include provision for grandfathering of investmentsA grandfathering clause will spare existing investments from capital gains tax and make GAAR applicable only on new inflows.
07 Jul, 2012, 07.26 AM IST
- Budget 2012: FM's new rules on sharp tax practices to increase disputes
A parliamentary committee on DTC recommended removing arbitrary powers of tax officers while invoking Gaar to avoid litigation. The budget ...
17 Mar, 2012, 03.09 AM IST
- Heat on tax havens: FDI from Mauritius, Cyprus drops
Amidst pressure on the government to tighten the screws on inflow of funds from tax havens, India's FDI from Mauritius and Cyprus, dropped ...
04 Jul, 2011, 05.07 PM IST
- Mauritius ready to reveal bank account details under existing treaty
Mauritius, which had so far been reluctant to share information, accounts for over 40% of foreign direct investment into India.
24 May, 2011, 09.27 AM IST
- India losing over Rs 2,000 cr annually on DTAA with Mauritius
The government is losing out on huge tax revenue of at least Rs 2,000 crore per year because of the Indo-Mauritius tax treaty, a Finance Mi...
08 Aug, 2010, 11.30 AM IST
- Indo-mauritius trade bonding with the best
At a time when economic slowdown has made most developed/developing markets an unattractive proposition, Mauritius offers plethora of forei...
15 Apr, 2009, 02.51 AM IST
- Government steps up vigil on FDI inflows
Several proposals, especially those involving flow of FDI from Mauritius and Cyprus, have been put on hold during recent weeks.
20 Aug, 2008, 02.40 AM IST
- OECD Blacklist: Closer tabs on FIIs likely
Finance Ministry taps Reserve Bank and SEBI to prepare list of tax havens where foreign investors are registered without sufficient checks....
06 Sep, 2007, 02.34 AM IST
- Investment arms of companies to be hit
The essence of the circular is the tie-breaker clause — if a company is a resident of both countries, the company is taxable in the country...
08 Oct, 2003, 06.08 AM IST
- Govt: CBDT certification for Mauritius residence valid
The government, in its petition before the apex court, has argued that the Central Board of Direct Taxes (CBDT) has the power to issue a ci...
02 Oct, 2002, 07.15 AM IST