Tax Treaty

India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.

The government on Tuesday said that India is engaging proactively with Switzerland to obtain information in relevant cases under the Double Taxation Avoidance Agreement between the two countries.

India has appealed on the grounds that taxation-related matters are not covered in its bilateral investment treaty with the United Kingdom under which the case was filed, and the arbitration tribunal does not have the jurisdiction to rule on the matter

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

Sridhar Ramachandran, from Grant Thornton Bharat, said that that the tax benefits related to capital gains & dividends would give Tesla benefits.

The international arbitration tribunal at the Hague had ruled that the Indian government's imposition of a tax liability on Vodafone was in breach of the investment treaty agreement between India and the Netherlands

The United Nations is also trying to find a solution by updating its model tax treaty with language about digital taxes.

India is examining the international arbitration decision on tax dispute with Vodafone over the Rs 20,000 crore tax claim. It is yet to be decided whether to challenge it in court, news agency Reuters has reported, quoting an un-named government official. Last month, an international arbitration tribunal in The Hague ruled that the imposition of a ...

The Finance Ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

Fugitive billionaire Mehul Choksi is a "crook" and "adds no value to our country", said the Prime Minister of Antigua and Barbuda where the diamond trader has taken citizenship. Antigua - among the many tax havens in the Caribbean - has no extradition treaty with India. The Prime Minister said that the businessman will be extradited to India, sayin...

The Antigua citizenship of diamond trader Mehul Chokshi - wanted in India in the Rs 13,500 crore Punjab National Bank scam -- will be scrapped once he has exhausted all his legal options, the government of the island nation has said, reported the Antigua Observer. The revocation of citizenship will pave the way for his extradition to India to stand...

Mauritius and Singapore are among the top sources of foreign direct investments into India and also account for a big chunk of total inflows into the country's capital markets.

CBDT said that adoption of anti-abuse rules in tax treaties may not be sufficient to address all tax avoidance strategies and they are required to be tackled through domestic anti-avoidance rules.

The protocol inserts specific provisions to facilitate easing of economic double taxation in transfer pricing cases.

India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.

The government on Tuesday said that India is engaging proactively with Switzerland to obtain information in relevant cases under the Double Taxation Avoidance Agreement between the two countries.

India has appealed on the grounds that taxation-related matters are not covered in its bilateral investment treaty with the United Kingdom under which the case was filed, and the arbitration tribunal does not have the jurisdiction to rule on the matter

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

Sridhar Ramachandran, from Grant Thornton Bharat, said that that the tax benefits related to capital gains & dividends would give Tesla benefits.

The international arbitration tribunal at the Hague had ruled that the Indian government's imposition of a tax liability on Vodafone was in breach of the investment treaty agreement between India and the Netherlands

The United Nations is also trying to find a solution by updating its model tax treaty with language about digital taxes.

India is examining the international arbitration decision on tax dispute with Vodafone over the Rs 20,000 crore tax claim. It is yet to be decided whether to challenge it in court, news agency Reuters has reported, quoting an un-named government official. Last month, an international arbitration tribunal in The Hague ruled that the imposition of a ...

The Finance Ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

Fugitive billionaire Mehul Choksi is a "crook" and "adds no value to our country", said the Prime Minister of Antigua and Barbuda where the diamond trader has taken citizenship. Antigua - among the many tax havens in the Caribbean - has no extradition treaty with India. The Prime Minister said that the businessman will be extradited to India, sayin...

The Antigua citizenship of diamond trader Mehul Chokshi - wanted in India in the Rs 13,500 crore Punjab National Bank scam -- will be scrapped once he has exhausted all his legal options, the government of the island nation has said, reported the Antigua Observer. The revocation of citizenship will pave the way for his extradition to India to stand...

Mauritius and Singapore are among the top sources of foreign direct investments into India and also account for a big chunk of total inflows into the country's capital markets.

CBDT said that adoption of anti-abuse rules in tax treaties may not be sufficient to address all tax avoidance strategies and they are required to be tackled through domestic anti-avoidance rules.

The protocol inserts specific provisions to facilitate easing of economic double taxation in transfer pricing cases.