Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: form 3cd :: empanelment :: list of goods taxed at 4% :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

For better exchange of info on tax evaders
January, 16th 2010

India and Finland on Friday revised their tax treaty to help better exchange of information on tax evaders. Both countries also agreed to bring down the withholding tax rates on dividends from the existing 15% to 10%.

As per the revised agreement, the contracting parties "shall not deny furnishing of the requested information solely on the ground that it does not have any domestic interest in that information or such information is held back by a bank". Another clause has been added to the revised agreement which restricts the powers of a resident to prevent misuse of the Double Taxation Avoidance Agreement (DTAA).

"The lowering of withholding tax will promote greater investments, flow of technology and technical services between the two countries," according to a press note issued by the Central Board of Direct Taxes (CBDT).

This will also ensure assistance in collection of taxes when such taxes are due under the domestic laws and regulation, it added.

The new pact was signed by CBDT chairman S S N Moorthy and Finland's ambassador Terhi Hakala here.

Talks between India and Switzerland are in progress on including a similar amendment in their existing DTAA. The pressure has been mounted on the Swiss authorities after the G-20 meeting in London where the finance ministers of developing and developed countries laid emphasis on a concerted move to crack down on tax havens.

The FMs of the G-20 nations adopted a resolution at the end of the meeting calling for "an effective programme of peer review, capacity building, and counter measures to tackle non-cooperative jurisdiction that failed to make regulatory standards, anti-money laundering and combating financing of terrorism".

The revenue department in the finance ministry has been from time to time negotiating fresh tax treaties with countries with which it has no such arrangement and revising the existing treaties where liberal clauses are replaced with more stringent reporting mechanism to avoid any round tripping, a method by which businessmen route money through some of the tax havens avoiding taxes.

In the past few years, India has had several rounds of talks with Mauritius to renegotiate the DTAA seeking to curb companies indulging in round tripping of investments. However, no agreement has been reached yet.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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