« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  ‘CAs should prefer consolidation’... Wealth tax floor for company housing likely to be doubled... » Finance Ministry calls for fresh look at DTAs December, 07th 2007 The Finance Ministry has sought a fresh look at the double taxation avoidance treaty that New Delhi has with many countries so as to make it favourable for Indian investments abroad as much as it is for incoming capital. "We are working very hard on a model tax treaty as we have realised that today India not only imports capital but also invests abroad. So the very nature of DTA (double taxation avoidance treaty) has to change," Economic Adviser to Finance Minister Parthasarthy Shome said today. While speaking at a conference on taxation, he said: "We are now looking at what is to our benefit and advantage." On the need for review of DTAs, Shome said the government wanted to protect not only revenue at a time when foreign capital came to India and the returns go abroad, but also when domestic companies invest abroad. New Delhi too wants to encourage such firms investing abroad to send their profits back to India through market mechanism, he said. Indian companies have invested over 20 billion dollars abroad over the past one year. Finance Minister P Chidambaram has also said that the government was in favour of reviewing some provisions of the DTA treaty with Mauritius, as some Indian companies were involved in round-tripping of funds. The Finance Ministry has already tried to tighten the rules regarding origin of residence, while negotiating DTA with some other countries.