Latest Expert Exchange Queries

Make 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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

Foreign climes for I-T officials
April, 14th 2007

It soon may be raining foreign postings for some lucky income tax officers. The Central Board of Direct Taxes (CBDT) is planning to post its officials to countries with which India has Double Taxation Avoidance Agreements (DTAA). For star-ters, it will post one official each in Mauritius and Singapore.

The officials will be a part of the trade division of the Indian missions in both the countries. A CBDT official told FE, The officials will as facilitators to trade and investment negotiations of companies located in these countries with India.
 
At present, there are no tax officials posted in the trade divisions. Given Indias booming economy and interest from foreign investors, the revenue department hopes the move will help increase foreign trade and investment in the country.

Most investors interested in India have questions relating to direct taxes, especially corporate tax, export-import policy and labour laws, which the trade division is unable to clarify properly, the official said. The I-T officials will help answer all tax related queries.

Not So Taxing
The CBDT is planning to post officials to countries with which India has Double Taxation Avoidance Agreements
The officials will be a part of the trade division of the Indian missions in both countries
The I-T officials will help answer all tax related queries
 
They will also coordinate DTAA related work, he added. If the move works well, the CBDT will post officers in other countries with which India has such pacts, the official said.

India has about 71 comprehensive DTAAs and another 15 limited agreements with other countries. Such agreements divide jurisdiction of the two signatories so that a particular income is taxed in one country only or,if taxed in both countries, suitable relief is provided in one country.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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