E-PaperTreaties News
Who can claim credit for state and local taxes paid in a foreign country
A taxpayer can choose to be governed either by provisions of the tax treaty or by the domestic tax law to the extent more beneficial to himUnder the tax credit method, the resident country retains the right to tax the foreign income and allows credit for the taxes paid in source country
4 min read4 Jul 2019Residency test under taxation treaty
The individual who wishes to take relief under the Double Taxation Avoidance Agreements (or treaties) has to qualify as a tax resident of one of the contracting states
5 min read24 Nov 2017Needed: a BIT dispute management strategy
Irrespective of the current mood against bilateral investment treaties, BIT disputes are unlikely to go away anytime soon
4 min read12 Sep 2017P-Notes make a comeback under GAAR
Participatory notes (P-Notes) are seeing rising interest among short-term foreign investors as general anti-tax avoidance rule (GAAR) became applicable from 1 April
2 min read13 Apr 2017Caught between the dragon and the elephant
India's trade diplomats will need some deft footwork to manage two trade partnersChina and the US
4 min read22 Mar 2017GAAR, POEM to come into effect from 1 April: Govt
Revenue secretary Hasmukh Adhia says POEM will not apply to those overseas companies of an Indian promoter that get passive income outside the tax net of India
2 min read2 Feb 2017India to trade partners: Sign new bilateral investment treaties by 31 March
India wants to sign bilateral investment agreements with individual EU nations based on its model BIT
2 min read11 Jan 2017India’s revised tax treaties give Mauritius edge over Singapore, say experts
The tax rate on interest payments made by Indian entities is 7.5% under the Mauritius treaty, while it is 15% under the recently negotiated India-Singapore treaty
1 min read3 Jan 2017Quikr raises Rs130 crore from BCCL’s private treaty arm
The so-called private treaty deals were first introduced by BCCL in 2004 to build a large portfolio of holdings
3 min read19 Aug 2016India may come under pressure on commitments on rights of foreign investors
India, after several tax disputes with foreign investors, has decided to terminate 57 of its investment treaties and replace them in accordance with a 2015 model bilateral investment treaty
3 min read26 Jul 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared