Page-4 of CBDT
CBDT notifies Protocol amending DTAA between India and Kuwait
The Central Board of Direct Taxes (CBDT) has notified protocol to amend existing Double Taxation Avoidance Agreement (DTAA) between India and Kuwait. The DTAA between both countries was signed in June 2006 for the avoidance of double taxation and for ..
Month: Current Affairs - May, 2018
CBDT inks 200th Unilateral Advance Pricing Agreement
The Central Board of Direct Taxes (CBDT) has entered into 200th Unilateral Advance Pricing Agreement (UAPA) after it singed one in April 2018. With the signing of this, CBDT has achieved another milestone of having signed its 200th UAPA. The ..
Month: Current Affairs - May, 2018
CBDT forms Working Group to assess tax risks of High Net Worth Individuals migrating abroad
The Central Board of Direct Taxes (CBDT) has constituted 5-member working group (committee) to examine taxation aspects related to High Net Worth Individuals (HNWIs) who are migrating abroad to other jurisdictions. The Working Group will be headed by Pragya Sahay ..
Month: Current Affairs - April, 2018
Government inks 16 APAs in March 2018
The Central Board of Direct Taxes (CBDT) has entered into 14 Unilateral Advance Pricing Agreements (UAPA) and 2 Bilateral Advance Pricing Agreements (BAPA) in March 2018. The 2 bilateral APAs were entered into with US . With the signing of ..
Month: Current Affairs - April, 2018
CBDT achieves important milestone of signing 200 APAs
The Central Board of Direct Taxes (CBDT) has crossed an important milestone of having signed 200 Advance Pricing Agreements (APAs). It was achieved after it entered into seven more APAs in February 2018. All the seven were Unilateral APAs and ..
Month: Current Affairs - March, 2018
CBDT relaxes norms for MAT on firms facing insolvency
The Central Board of Direct Taxes (CBDT) has announced to relax norms around levy of minimum alternate tax (MAT) for insolvent companies from financial year 2017-18. The purpose of the move is to make the Insolvency and Bankruptcy Code, 2016 ..
Month: Current Affairs - January, 2018
India-Switzerland ink agreement automatic sharing of tax-related information
India has signed agreement with Switzerland for automatic sharing of tax-related information from January 1, 2018 with an aim to combat black money. Prior to it, India had to ask Switzerland for specific bits of information against the Indian account ..
Month: Current Affairs - December, 2017
CBDT signs two Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 2 Bilateral Advance Pricing Agreements (APAs) in November 2017. These two agreements are first ever Bilateral APAs with Netherlands. These two APAs pertain to Electronics and Technology sectors of economy. ..
Month: Current Affairs - December, 2017
CBDT signs seven unilateral APAs in October 2017
The Central Board of Direct Taxes (CBDT), the policy-making body of income-tax department has signed seven unilateral advance pricing agreements (APAs) in October 2017. With this, total number of APAs entered into by CBDT now stands at 184. This includes ..
Month: Current Affairs - November, 2017
CBDT signs 2 more APAs with taxpayers
The Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs) in September 2017 with Indian taxpayers in order to reduce litigation by providing certainty in transfer pricing. The two signed APAs pertain to automobile and ..