Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: cpt :: form 3cd :: VAT RATES :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 A tax saver scheme with higher returns
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know

Trade wants Indo-Mauritius tax agreement to stay
November, 17th 2006

The Mauritius Global Business Industry wants the existing double taxation avoidance agreement (DTAA) between India and Mauritius to remain in the current form as it could continue to enhance foreign direct investment (FDI) and other investment inflows into India.

India and Mauritius are working towards preferential trade agreement (PTA) and a comprehensive economic cooperation and partnership agreement (CECPA). Representatives of the Mauritius Global Business Industry, which is a federation of offshore management companies, banks, corporate lawyers and accountants, told Business Line here that the Indian tax revenue loss was not a valid argument as the benefits outweigh the tax foregone.

It was also pointed out that 19 of the 70 DTAAs signed by India give the taxing rights for capital gains on shares to the country of residence.

"The objective of DTAA goes well beyond revenue maximisation.

Besides avoidance of double taxation, the agreement also aims at encouraging trade and investment. Mauritius is a high quality jurisdiction that is well regulated and not a tax haven," Mr Uday K. Gujadhur, Chief Executive of a company registered with the Financial Services Commission, Mauritius, said.

Mr Couldip Basanta Lala, a director of another financial services company, said that the argument of round tripping was a fallacy as the FSC procedures pre-empt it.

He said that companies investing in India are required to provide confirmation to FSC that India-sourced funds from resident Indians would not be accepted without prior written approval of Indian regulatory body.

Moreover, management companies are required to ensure that no shares are offered or issued to Indian residents against India-sourced funds without prior written approval of Indian regulatory body.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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