Latest Expert Exchange Queries
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: TDS :: form 3cd :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: VAT RATES :: articles on VAT and GST in India
 
 
« News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

FinMin hopes tax treaty talks with Mauritius to resume before Sept
July, 16th 2011

The finance ministry hopes talks with Mauritius on the Double Tax Avoidance Agreement (DTAA) would restart before September.

There may be some talks before September, I should say, said Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra on the sidelines of a function to commemorate 150 years of the income tax department.
 
He said the finance ministry had requested the external affairs ministry to take steps to restart the talks. They are coordinating with the Mauritian government. No date has been firmed up as yet, he said, adding discussions were expected on all issues.

According to the DTAA, capital gains from sale of shares by residents of Mauritius in India would be liable to tax only in that country. As Mauritius does not have capital gain tax, there is no burden on investors routing money to India through circuitous route. The CBDT chairman said the government was discussing to revive the talks at the point where these were left in 2008. We are just taking up from there, so the agenda can be wide. We are waiting for the response of the Mauritian government, said Chandra.

The external affairs ministry, in consultation with the government of Mauritius, would firm up the agenda, and this would happen in due course after Mauritius informed New Delhi about a convenient date, he said. Addressing income tax officials at the function, President Pratibha Devisingh Patil highlighted the need to tackle the menace of black money by tightening the noose on perpetrators, both domestically and globally.

The war against black money has to be addressed both domestically and through cross-border measures, she said. While fostering an environment of voluntary compliance would help, there was also a need for putting in place measures to ensure that the recalcitrant tax evaders were brought to book, she said. Better global cooperation should continue through agreements on tax information exchange and mutual cooperation to track evaders taking shelter abroad, according to her. She hoped the direct tax-to-gross domestic product ratio would rise beyond the present 6.1 per cent, with continuing innovative efforts and widening of small base of taxpayers at about 35 million.

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

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