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: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT RATES :: list of goods taxed at 4% :: cpt :: TDS :: empanelment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
Budget Extravaganza »
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift
 Budget 2018: Section 80C limit may be increased

Pranab: 500 tax information exchange pacts signed
February, 21st 2011

Finance Minister Pranab Mukherjee has said about 500 tax information exchange agreements have been signed between different countries across the globe, a development that will help fight the menace of tax evasion and track ill-gotten money.

Mukherjee, who is spearheading the fight against tax evasion at the G-20 grouping, also made a case for collective action against those countries that refuse to part with tax and banking information essential for tracking slush funds.

"Till now, nearly 500 Tax Information Exchange Agreements (TIEA) have been signed all over the world. India has signed about 13 TIEAs," the minister said after the conclusion of the two-day meeting of the G-20 Finance Ministers and Central Bank Governors here.

Under TIEAs, countries are required to share tax and banking information about individuals and companies. At the G-20 Seoul summit last year, the G-20 leaders called for all jurisdictions to conclude TIEAs whenever requested by the other partner.

Pointing out that different definitions of expressions like 'tax evasion' and 'tax fraud' lead to problems, Mukherjee said there was a need to harmonise them so that countries can exchange information without any hindrance.

The minister further said that India was in the process of revising its Double Taxation Avoidance Agreement (DTAA) with all 78 countries which whom it had signed such agreements.

"Revision of DTAA with 10 countries have been completed and many more are in the offing," he said.

Revised DTAA will help in seeking banking information about the offenders.

The Indian government has been facing flak from the Opposition for not being able to bring back black money stashed in tax havens and also naming persons involved in such transactions.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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