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DEPARTMENT OF TAXATION AND FINANCE
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...- Have you downloaded the Trump Accounts app? Your child could qualify for a free $1,000— check eligibility nowTrump Accounts are moving closer to launch, with eligible families set to access a $1,000 government-funded investment bonus for qualifying...
- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
- Can Trump’s $1,000 IRA match executive order finally bring 56 million Americans without 401(k) access into retirement security? Here's who actually qualifies for this benefitUS President Donald Trump IRA Trump retirement plan executive order: Will $1000 IRA Match Transform Savings. For decades, retirement securi...
- Costly tax mistake: Typo cuts refunds — find out if yours took a hitA tax typo caused refund problems for thousands of people in New York. Some received less money while others were told to pay more. Officia...
- $600 surprise checks land soon: Millions may cash in under ‘STAR’ Program windfallMillions of homeowners may soon receive property tax relief checks through a long-running program. Payments can vary based on income, age, ...
- India gives $100,000 to UN Tax Fund; 1st country to contributeThe UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters (the UN Tax Committe...
- Budget 2016: Finance Ministry working to remove 'unwanted discretions' in taxationIn the last Budget, Arun Jaitley had announced phased reduction in corporate tax to 25 per cent from the current 30 per cent.
- Commerce Ministry keen to create fund to boost falling exportsThe Commerce Ministry is likely to pitch the idea of the export development fund in pre-Budget consultations with the finance ministry on J...
- Tax Department's cash detection ability being strengthened: FM Arun JaitleyTax department's ability to detect large cash transactions is being strengthened to check the menace of black money as bulk of it remains w...
- Information can not be disclosed outside specific proceedings: Swiss governmentThe comments come at a time when a Supreme Court-monitored Special Investigation Team is probing alleged stashing of black money by Indians.
- Government keen to resolve tax disputes between I-T, foreign companiesGovernment is keen to install a suitable mechanism for resolution of tax disputes between the I-T department and foreign firms operating in...
- PM asks Revenue Dept to make Rangachary report publicPrime Minister Manmohan Singh has asked Finance Ministry to make public the Rangachary Committee report on taxation of the IT sector.
- Nokia tax case: Finland seeks negotiated settlement with India under bilateral tax treatyFinland has invoked an alternate dispute resolution provision in its DTAA with India against the Rs 2,000-cr demand slapped on Nokia.
- Tax department unearths over Rs 20,000 crore undisclosed income in FY12"Surveys conducted by IT Dept during 2009-10, 2010-11 and 2011-12, undisclosed income of about Rs 4,857.10 cr, Rs 5,894.44 cr and Rs 6,572....
- 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 .
- J&K government hopes to mop up Rs 5,500cr in tax revenue this fiscalJammu & Kashmir government expects to garner tax revenues of Rs 5,500 crore this fiscal, Minister for Finance and Ladakh Affairs, Abdul Rah...
- Finance Ministry to invite scholars to deliberate on international tax issuesThe Finance Ministry has decided to invite scholars to get fresh ideas in the emerging areas of international taxation and transfer pricing.
- Pranab Mukherjee to release Rs 150 coin before Budget speechFor the first time in the country's minting history, government will issue coins of Rs 150, marking the number of years of taxation in Indi...
- FIPB no to treaty shopping clamp on FDIIndia has a valid treaty with Mauritius to avoid double taxation. FIPB, therefore,took the decision to overrule the generic objection raise...
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