Page-3 of Taxation
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
Intra-state e-way bill rolled out in 5 states
The E-Way Bill system for Intra-State movement of goods was rolled out in five more states‑Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh. The E-Way Bill system for all inter-State movement of goods valued over Rs 50,000 was rolled-out from ..
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
Cabinet approves revision of DTAA between India and Qatar
The Union Cabinet has given its approval for revision existing Double Taxation Avoidance Agreement (DTAA) between India and Qatar. The purpose of revision is for avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on ..
Month: Current Affairs - March, 2018
India, Hong Kong sign double tax agreement
India and Hong Kong have signed agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Hong Kong is former British colony and is special administrative region of China which enjoys ..
Month: Current Affairs - March, 2018
India-Iran: Cabinet approves Agreement for Avoidance of Double Taxation
The Union Cabinet has approved Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income between India and Iran. The Agreement is on similar lines as entered into by India with other countries. ..
Month: Current Affairs - March, 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
Union Cabinet approves Protocol amending DTAA between India, China
The Union Cabinet has approved signing and ratification of protocol amending Double Taxation Avoidance Agreement (DTAA) between India and China. The DTAA aims for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and update ..
Month: Current Affairs - February, 2018
Cabinet approves signing of India-Australia MoU for Secondment Programme
The Union Cabinet approved signing of Memoranda of Understanding (MoU) for Secondment Programme between India and Australia. The MoU will be signed between Department of Economic Affairs (DEA)-Indian Economic Service Cadre and The Treasury, Government of Australia for period of ..
Month: Current Affairs - February, 2018
Highlights of Economic Survey 2017-18
Union finance Minister Arun Jaitley tabled the Economic Survey 2017-18 in Parliament during 2018 budget session. The survey was authored by chief economic adviser in the finance ministry Arvind Subramanian. The survey projects economy to grow in the range of ..