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TREATY BENEFITS ELIGIBILITY
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...- 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...
- Why New Zealand is emerging strongly in India’s study abroad resetThe India-New Zealand FTA signals a significant shift in international student mobility, with New Zealand emerging as a primary choice for ...
- 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...
- US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3New Income Tax Return forms have removed ITR-1 and ITR-4, requiring US 401(k) and overseas pension account holders to now use ITR-2 or ITR-...
- 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...
- India, Mauritius sign protocol to amend tax treaty; principal purpose test introducedTax experts said a new article has been added to the protocol "Article 27B Entitlement to Benefits". The amended protocol was signed on Mar...
- Taxman's glare on VC, PEs intensifies; focus on grandfathering gains under treatiesThe authorities are now asking for details such as the specifics of office spaces, electricity bills, the roles and expertise of directors ...
- No benefits if tax haven route not justified: Madras HCIn a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other c...
- Fresh tax concerns for many FPIsChanges were made keeping in mind FPIs that have the option to avail of treaty benefits.
- Tax treaty access, a challenge going forward? - Impact of BEPS Action 6 on collective investment vehiclesA CIV, in simple terms, is an entity that allows investors to pool their money and invest the pooled funds in a broad based portfolio, inst...
- 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...
- Indian Americans: How to get your 2013 Tax Residency CertificateThe India-US DTAA allows residents of the US who have income from India to pay a lower amount of tax in India provided tax on the same is p...
- Fiscally transparent in the country not eligible for tax treaty reliefThe Authority for Advance Rulings has ruled that fiscally transparent in the country is not eligible for the benefits of the tax treaty bet...
- Partnership firms are not eligible to treaty benefits, says AARThough the AAR ruling was in relation to the India-Switzerland tax treaty, the principle can be applied to cases involving tax treaties wit...
- ET in the classroom: Details of India-Mauritius Tax TreatyThe India-Mauritius tax treaty sought to eliminate double taxation of income, capital gains to encourage mutual trade and investments.
- India finally gets a say in OECD tax conventionThe model tax convention of the OECD, on which tax treaties of most countries are modelled, has given out guidance on taxation of permanent...
- India reworks tax treaty with Cyprus to check misuseIndia is reworking its tax treaty with Cyprus to check its abuse.
- Mauritius to finalise tax treaty by DecAfter tightening of tax residency certificate norms, Mauritius may put in place more such procedures by December to address India’s concern...
- Government defers tax waiver decision under DTACWith answers to legal issues surrounding the tax benefits availed by foreign companies under the popular Indo-Mauritian double tax avoidanc...
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