« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  FM to study exporter demands on cheaper credit, DEPB... Tax to be paid if CGs sold after taking cenvat credit... » Review of India-Canada Tax Treaty sought November, 16th 2007 The India-Canada Tax Treaty needs to be re-evaluated and modernised so as to boost trade and investment between the two countries, according to an eminent tax expert. "There is an urgent need to reduce or eliminate withholding taxes on interest on debt; equal and fair treatment for foreign investors similar to domestic companies; and a mandatory binding arbitration provision which will apply in cases where the competent authorities have not resolved certain issues within an agreed period," Prof Vern Krishna, an eminent tax expert, has revealed in his book titled 'Canada India Tax Treaty.' When the treaty was negotiated several decades back, and even renegotiated in 1996, he said there was a minimum trade between the two countries, and India was a developing country. "But the situation has now changed. There is not only increase in trade and investment, but India itself is changing, and is emerging as a developed country, and in a very short time it would be a developed country," Prof Krishna said. He said: "The economic emergence of India holds importance for Canada and its business community. Since India commenced its significant reform process in 1991, the country has moved from a closed economic approach to one which is increasing open and engaged." Yet, there were a number of trade and investment barriers that must be resolved by mutual understanding and cooperation on a priority basis, Prof Krishna who teaches law at the University of Ottawa opined.