double taxation avoidance

Defer GAAR by three years, suggests Shome Committee (Lead)


September 1st, 2012 - 9:03 pm ICT by IANS
New Delhi, Sep 1 (IANS) An expert committee on tax laws Saturday suggested that the Indian government defer implementation of the controversial General Anti-Avoidance Rules (GAAR) until fiscal 2016-17 ... Read more...

Posted in Business |

Government outlines measures to tackle black money


August 10th, 2012 - 9:56 pm ICT by IANS
New Delhi, Aug 10 (IANS) The government Friday released details of its initiatives for unearthing and curbing black money, even as yoga guru Baba Ramdev's fast to demand the government ... Read more...

Posted in Politics |

ONGC-led consortium to invest $3 billion in Venezuela


July 11th, 2012 - 3:34 pm ICT by IANS
New Delhi, July 11 (IANS) The overseas arm of Oil and Natural Gas Corporation (ONGC Videsh), in partnership with other government-run firms, plans to invest $3 billion to explore oil ... Read more...

Posted in Business |

Colombia to ratify tax treaty with India by year-end


July 8th, 2012 - 5:45 pm ICT by IANS
Bogota, July 8 (IANS) Colombia is likely to ratify double taxation avoidance agreement (DTAA) with India by the end of this year, which will help boost flow of two-way investments.Colombia's ... Read more...

Posted in Business |

Court issues notice over taxing internet-based firms (Second Lead)


June 6th, 2012 - 7:09 pm ICT by IANS
New Delhi, June 6 (IANS) The Delhi High Court Wednesday issued notice to the central government, social networking site Facebook India and Google India on a plea seeking recovery ... Read more...

Posted in Business |

Vodafone plea denied as Mukherjee says ‘India no tax haven’


May 8th, 2012 - 7:48 pm ICT by IANS
N0ew Delhi, May 8 (IANS) Finance Minister Pranab Mukherjee Tuesday declined to roll-back a change in the Income Tax Act with retrospective effect to tax foreign firms for capital ... Read more...

Posted in Business |

GAAR rollback a surrender to US: CPI-M


May 8th, 2012 - 4:46 pm ICT by IANS
New Delhi, May 8 (IANS) India's decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) by one year "is a meek surrender to finance capital ... and the ... Read more...

Posted in Business |

India defers GAAR by a year (Lead)


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) India Monday deferred impementation of the controversial General Anti-Avoidance Rules (GAAR) by a year and announced that the burden of proving tax evasion will ... Read more...

Posted in World |

Ethiopia seals deal with India to avoid double taxation


April 6th, 2012 - 12:59 pm ICT by IANS
Addis Ababa, April 6 (IANS) Ethiopia has signed double taxation avoidance pacts with four countries, including its growing trading partners India and China.The agreements, also with Sudan and Egypt, were ... Read more...

Posted in World |

Pranab defends amending IT Act to deal with Vodafone-type deals


March 31st, 2012 - 6:33 pm ICT by IANS
Kolkata, March 31 (IANS) Finance Minister Pranab Mukherjee Saturday said there is "no other way" but to amend the Income Tax Act with retrospective effect to bring into ... Read more...

Posted in Business |

Switzerland says it is ‘not tax haven’


February 16th, 2012 - 7:11 pm ICT by IANS
New Delhi, Feb 16 (IANS) Switzerland Thursday dismissed as "uncorroborated" the estimates about the amount of wealth hidden by Indians in foreign banks, days after the Central Bureau of Investigation ... Read more...

Posted in Uncategorized |

Mauritius will find solution on tax evasion: Mauritius minister (Interview)


February 12th, 2012 - 4:32 pm ICT by IANS
New Delhi, Feb 12 (IANS) Mauritius will find a mutually satisfactory solution with India to the misuse of a bilateral treaty by investors to evade taxes, a senior minister ... Read more...

Posted in Business |

India provides $250 mn line of credit, $20 mn grant to Mauritius (Lead)


February 8th, 2012 - 12:26 am ICT by IANS
New Delhi, Feb 7 (IANS) As a long-standing partner of Mauritius in its development, India Tuesday announced a new economic package of a $250 million line of credit and ... Read more...

Posted in Uncategorized |

India to provide $250 mn line of credit to Mauritius


February 7th, 2012 - 10:31 pm ICT by IANS
New Delhi, Feb 7 (IANS) India Tuesday agreed to provide a new package comprising a $250 million line of credit and a $20 million grant to Mauritius during bilateral ... Read more...

Posted in Uncategorized |

India, Australia amend tax treaty


December 16th, 2011 - 6:56 pm ICT by IANS
New Delhi, Dec 16 (IANS) India and Australia Friday signed an agreement to amend their bilateral tax treaty to ensure more effective exchange of financial information between the two countries.India's ... Read more...

Posted in Business |

India, Nepal sign revised tax treaty


November 27th, 2011 - 4:29 pm ICT by IANS
Kathmandu/New Delhi, Nov 27 (IANS) More than a month after they sealed a bilateral investment pact, India and Nepal Sunday took another key step to boost their economic ties ... Read more...

Posted in Uncategorized |

India, Nepal to sign accord to avoid double taxation


November 26th, 2011 - 9:52 pm ICT by IANS
New Delhi, Nov 26 (IANS) India and Nepal will sign a new agreement for avoiding double taxation between the two countries when Finance Minister Pranab Mukherjee visits Kathmandu Sunday. ... Read more...

Posted in Business |

Manmohan meets Bhattarai, pushes for tax pact


November 11th, 2011 - 4:33 pm ICT by IANS
Addu (Maldives), Nov 11 (IANS) Nearly three weeks after they met in New Delhi, India's Prime Minister Manmohan Singh and his Nepali counterpart Baburam Bhattarai Friday held bilateral talks ... Read more...

Posted in Uncategorized |

India to join new convention to fight black money


November 4th, 2011 - 1:41 am ICT by IANS
Cannes, Nov 3 (IANS) India told the G20 Summit here Thursday that it has been an active member of the global battle against black money and will soon sign the ... Read more...

Posted in World |

We at G20 must tackle tax evasion: Manmohan


November 3rd, 2011 - 11:28 pm ICT by IANS
Cannes, Nov 3 (IANS) Prime Minister Manmohan Singh Thursday once again sought the attention of G20 leaders on the issue of illicit money outflows and tax havens and said ... Read more...

Posted in World |

Lok Sabha speaker to to visit Iran


October 30th, 2011 - 11:07 pm ICT by IANS
New Delhi, Oct 30 (IANS) Lok Sabha speaker Meira Kumar will be visiting Iran in the first week of November, an official said Sunday.In a visit which is expected ... Read more...

Posted in Uncategorized |

Mukherjee asks Nepal to hasten setting-up of check posts


October 22nd, 2011 - 8:41 pm ICT by IANS
New Delhi, Oct 22 (IANS) Finance Minister Pranab Mukherjee Saturday asked his Nepalese counterpart to expedite the setting-up of integrated check posts on the Nepalese side of the border."Construction ... Read more...

Posted in Uncategorized |

India, Philippines to sign tax treaty soon: Mukherjee


October 17th, 2011 - 5:56 pm ICT by IANS
New Delhi, Oct 17 (IANS) India and the Philippines are likely to sign a pact by January to provide a legal framework for exchange of banking and tax related ... Read more...

Posted in Business |

India renegotiating tax treaties to curb black money: Pranab


September 29th, 2011 - 9:11 pm ICT by IANS
New Delhi, Sep 29 (IANS) India is renegotiating tax treaties with 75 countries to broaden the scope of exchange of information, especially banking information, that would help tighten control ... Read more...

Posted in Business |

India, Uruguay sign tax avoidance treaty


September 8th, 2011 - 8:25 pm ICT by IANS
New Delhi, Sep 8 (IANS) India and Uruguay Thursday signed a Double Taxation Avoidance Agreement that would help boost the flow of trade, investment and technology between the two countries.The ... Read more...

Posted in Business |

Mauritius unwilling to amend tax treaty with India: Minister


August 23rd, 2011 - 9:28 pm ICT by IANS
New Delhi, Aug 23 (IANS) Despite a series of discussions and requests, Mauritius has shown "unwillingness" to amend a tax treaty with India, Minister of State for Finance S.S. Palanimanickam ... Read more...

Posted in Uncategorized |

India, Switzerland to amend tax agreement soon


August 23rd, 2011 - 9:03 pm ICT by IANS
New Delhi, Aug 23 (IANS) India and Switzerland will soon amend their existing double taxation avoidance agreement to help curb black money, parliament was told Tuesday."The revised DTAA will allow ... Read more...

Posted in Business |

India amending double taxation avoidance accord: Pranab


August 19th, 2011 - 2:14 pm ICT by IANS
New Delhi, Aug 19 (IANS) The government is amending the Double Taxation Avoidance Agreement it has with four countries and is also negotiating with 16 entities to improve information ... Read more...

Posted in Business |

Our effort to tackle black money relentless: Mukher


July 27th, 2011 - 3:19 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee Wednesday said all possible steps were being taken to bring back black money stashed away overseas by Indians and that ... Read more...

Posted in Uncategorized |

Supreme Court appoints probe team on money laundering (Lead)


July 4th, 2011 - 3:07 pm ICT by IANS
New Delhi, July 4 (IANS) The Supreme Court Monday set up a Special Investigation Team (SIT) to probe black money stashed in foreign tax havens by Indian citizens. The committee ... Read more...

Posted in Uncategorized |

PM questions black money estimate of Rs.4 lakh crore


June 30th, 2011 - 12:55 am ICT by IANS
New Delhi, June 29 (IANS) Prime Minister Manmohan Singh Wednesday questioned the calculation behind estimating black money stashed by Indians abroad at Rs.4 lakh crore ($89.16 billion) but said ... Read more...

Posted in Business |

India, Singapore to amend tax treaty


June 24th, 2011 - 8:20 pm ICT by IANS
New Delhi, June 24 (IANS) India and Singapore have agreed to amend their double taxation avoidance agreement to facilitate better exchange of tax related and banking information, a statement said ... Read more...

Posted in Business |

Sensex rebounds 54 points; TCS, RIL rise (Roundup)


June 21st, 2011 - 7:39 pm ICT by IANS
Mumbai, June 21 (IANS) A benchmark index for Indian equities markets rebounded 54 points Tuesday to close in positive for the first time in five sessions, as buying activities ... Read more...

Posted in Business |

India has resumed tax treaty talks with Mauritius: Pranab


June 21st, 2011 - 7:26 pm ICT by IANS
New Delhi, June 21 (IANS) India has resumed talks with Mauritius to revise the existing tax treaty and have a double taxation avoidance agreement that will help track black ... Read more...

Posted in Business |

Talk of tax treaty with Mauritius spooks Indian markets (Roundup)


June 20th, 2011 - 7:28 pm ICT by IANS
Mumbai, June 20 (IANS) A benchmark index for Indian equities markets closed a whopping 363 points lower Monday as traders off-loaded stocks across the market breadth after a report ... Read more...

Posted in Business |

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