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: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD
 
 
« News Headlines »
 A tax saver scheme with higher returns
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know

Mauritius tax break not for all
July, 03rd 2006
India wants shell companies to be weeded out.

In an attempt to check misuse of the Double Taxation Avoidance Agreement (DTAA) with Mauritius by shell companies, New Delhi has proposed that only companies listed on a recognised stock exchange be eligible for capital gains tax exemption under the pact.

In addition, India has proposed that a company should have a total expenditure of $200,000 or more on operations in the residence state for at least two years from the date the capital gains arise.

The objective of the two new clauses is to not entitle a company to capital gains exemption if its affairs are arranged primarily to take advantage of the benefits of the DTAA.

Also, a shell or a conduit company with negligible or nil business operations will not be allowed to enjoy the capital gains tax exemption in case the clauses are incorporated.

The clauses have been proposed by India in its current negotiations for a bilateral economic cooperation agreement with Mauritius, which includes a revision of the DTAA. However, the revision of the DTAA is contingent on Mauritius agreeing to the proposal.

Under the DTAA, companies incorporated in Mauritius are considered residents of the country for taxation purposes.

A certificate of residence issued by the Mauritius government allows a company to claim exemption from the capital gains tax. However, the provision has been misused by some companies, which have formed conduits to avoid paying tax in India.

We are proposing to bring the DTAA with Mauritius on a par with the DTAA with Singapore. The DTAA with Singapore had included additional clauses to check round tripping of investments, a government official told Business Standard.

Singapore has been seeking removal of these additional norms in order to bring its DTAA on a par with Mauritius.

Government officials said the finance ministry had indicated to Singapore that it was in the process of re-negotiating Indias DTAA with Mauritius and had proposed inclusion of the two additional conditions which were present in the DTAA with Singapore.
 
 
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