« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  ‘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.