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: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: form 3cd :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Service Tax »
 Rules not ready, key e-way bill for GST may be delayed, says top official
 How Goods and Service tax will benefit the nation
 GST implementation may increase expense ratio of fund houses
 GST structure: an unfortunate compromise
 Extension Of Provisional Attachment Under Service Tax Provisins
 How favourable will GST be for Karnataka?
 GST rate impact: Here’s how the new tax can carry a greater punch
 E-way Bill - movement of goods under GST
 How the GST rates will affect your money
 GST: The coming disruption in the wholesale trade
  Ways In Which GST Will Impact The Average Indian’s Wallet

India a fully committed partner in tax info exchange: OECD
August, 01st 2013

India has come in for praise by the world's top economic policy body, OECD, for putting in place a robust mechanism for exchange of information on issues related to taxation aimed at curbing black money and tax evasion.

The Paris-based world body, Organisation for Economic Cooperation and Development, has hailed India and said that top world economies consider the country "a very important and fully committed partner with long experience in exchange of information".

The OECD published a report on Wednesday for 13 juridisctions across the world which includes India.

"Later this year, most of these reviews will feed into the ratings assigned to 50 jurisdictions, backing G20 and global forum efforts to strengthen tax cooperation and stamp out cross-border tax evasion," the OECD report said.

The report, according to top sources in the Indian Finance Ministry, will act as a "shot in the arm" for the anti-money laundering and counter tax evasion regime formulated and practised in the country.

The OECD, with top economies like the US and UK as its full-time members, has released the Peer Review Report-phase 2 under the aegis of the global forum for transparency and exchange information for tax purposes.

"The Phase 2 review shows that India's exchange of information practice is in line with the international standard for transparency and exchange of information for tax purposes.

"India's legal framework and its practical implementation ensure that ownership, accounting and bank information is available and accessible by the tax administration in line with the standard," the report said.

"India now has in place appropriate organisational processes and resources to ensure effective exchange of information and greatly improved the timeliness of responses during 2011 and 2012. India is considered by its treaty partners a very important and fully committed partner with long experience in exchange of information," it said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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