Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARDS :: cpt
 
 
« News Headlines »
 Income tax dept notifies amendments for sharing taxpayer information
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya

I-T top boss seeks proper norms to settle cross-border tax disputes
November, 30th 2006

The government should frame suitable guidelines to settle cross-border tax disputes on the principle of reciprocity, noted BM Singh, director-general of income tax (international taxation). Singh expressed his views on the eve of the International Taxation Conference2006, scheduled to be held from November 29 to December 2 in Mumbai.

Singh said in India payments for imports of all types of software have been treated as royalty. He said the Supreme Court had held that computer softwares are goods and, therefore, chargeable to sales tax. However, for customs duty purpose, software is being treated as intangible good.

Referring to the FIIs, Singh said the cumulative net investment by FIIs at the end of March 2006 was $ 45.3 billion. As on March 31, 882 FIIs have been registered with Sebi. Foreign institutional investments made by residents of other countries treat the income as business income and in the absence of permanent establishment in India, they claim exemption. Earlier Sebi allowed FIIs to make investments only, but now it has permitted them to operate in the debt market and trade in the derivatives market. So there is a need to have a set of guidelines as far as taxation of FIIs is concerned, said Singh.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions