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: VAT Audit :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: form 3cd :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES
 
 
News Headlines »
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?
 New income tax rules to curb unaccounted cash

Double taxation avoidance deal signed
September, 11th 2007
India on Wednesday signed a double taxation avoidance agreement (DTAA) with Mexico to promote economic cooperation between the two countries. The agreement was signed by the Union Finance Minister, Mr P Chidambaram and Ms Patricia Espinosa Cantellano, Foreign Minister of Mexico.

The DTAA provides for taxation of dividend, interest, royalties and fees for technical services-both in the country of residence as well as the country of source. However, the rate of tax in the country of source would not exceed ten percent of the gross amount of payment in case the beneficial owner of the payments was a resident of the other Contracting State.

As per the DTAA, capital gains from alienation of shares of a company would be taxable in the country where the company was a resident. The agreement also provides for tax credit for taxes paid by the residents in the other country.

An official release said that there is a provision for exchange of information in cases which are under investigation in either of the two countries. Both countries have agreed to assist each other in collection of revenue claims. There is also a provision for limitation of benefits under the DTAA to prevent misuse of the provisions of the DTAA.

The DTAA was signed on the occasion of the visit of Mexican President, Mr Felipe Calderon, who arrived on a two-day visit to India, the first by a Mexican President in two decades. Mr Calderon, who is accompanied by over 100 business leaders, met the Prime Minister, Dr Manmohan Singh and other political leaders.

Later, Mr Calderon invited Indian companies to invest in Mexico, which enjoys duty concessions in markets of US and other countries under North American Free Trade Agreement (NAFTA).

The Minister of State for External Affairs, Mr Anand Sharma said: The two countries have pledged to increase the trade to USD 5 billion a year by 2010. The bilateral trade has been increasing rapidly over the last few years, touching $1.8 billion last year. Indian exports accounted for $1.1 billion and imports $0.7 billion.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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