« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  ‘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.