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: TDS :: cpt :: articles on VAT and GST in India :: list of goods taxed at 4% :: empanelment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARD :: VAT RATES
« 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

India to press for transparency in tax haven functioning: G20
February, 18th 2011

Facing flak at home over black money stashed abroad, India will press for transparency in the functioning of tax havens at the G20 Finance Ministers meeting in Paris on Friday to unearth "ill-gotten" money lying in such sovereign jurisdictions. "There should be transparency. Particularly the tax havens should cooperate with countries to unearth the ill-gotten resources which are being deposited there," Finance Minister Pranab Mukherjee said ahead of the meeting.

The finance ministers of the world's 20 top countries, including India, China, the US, UK and Russia, are meeting here to review the international financial situation and issues like black money, rising energy and food prices.

He said a part of the black money generated through tax evasion is being deposited in foreign banks, particularly in tax havens. The Indian government is taking steps to tackle the menace, he said.

"We are addressing this issue by entering into agreements with them (tax havens)," Mukherjee said.

At present, India has Double Taxation Avoidance Agreements (DTAAs) with 78 countries and has started negotiations with them for making banking information related to taxes available.

There are sovereign jurisdictions which, however, are not sovereign countries, like St Kitts and the British Virgin Islands, among others.

"With them, we are not having DTAA, but we are entering into agreement, which is called exchange of tax information," Mukherjee said, adding that the problem of black money can be addressed only in a legal way.

"Without any legal framework, nobody is going to give information to you," he added.

India has already signed tax information exchange agreements (TIEA) with four jurisdictions -- the British Virgin Islands, Isle of Man, the Bahamas and Bermuda.

The coalition government in India, headed by Prime Minister Manmohan Singh, is facing heat over black money stashed abroad from the Supreme Court, the Opposition and the media.

The government is being blamed for not taking enough action in this regard.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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