: For Finance Professionals & Students

Tag Archives: Double Taxation

Notification of Protocol DTAA between India and Mauritius

Notification of Protocol for modification of the Convention for the rejection of double taxation and also the bar of financial evasion with relevancy taxes on financial gain and capital gains, and for the encouragement of mutual trade and investment between Asian nation and Mauritius

While filing Income Tax Returns NRIs need to know these things

Income earned by NRI from abroad is not taxable within India.Some NRIs also have an earning in their motherland country, India in the form of interest from deposits, House property , etc. This income has a basic limit of exemption, which is Rupees Two lac. If the NRI earnings from such sources cross the limit of two lakh, then they should file their tax return.

Proposed amendment to Related Party Transaction under Companies Act, 2013


1. With an objective of addressing and resolving the ‘shoe-pinching’ issues in Companies Act, 2013 (‘the Act’), the Government on 4th June, 2015, constituted 8 members’ Company Law Committee. The said Committee was headed by Secretary, Ministry of Corporate Affairs. On 1st February, 2016, Committee submitted 138-pages detailed Report and suggested 100 plus amendments to the Act. Based on the Company Law Committee Report, Government prepared the Companies (Amendment) Bill, 2016 (‘Amendment Bill’) and presented the same in Lok Sabha on 16th March, 2016. The Bill has suggested 87 amendments to the Companies Act, 2013. Such suggestion was in addition to the already issued clarifications, circulars, notifications, amendment in Company Rules, removal of difficulty orders and the Companies Amendment Act, 2015.

DTAA with Maldives to stop double taxation on International air transport income

Agreement between India and Maldives for avoidance of double taxation of income from International air transport
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval forsigning of an Agreement between India and Maldives for the avoidance of double taxation of income from international air transport.

© 2014, all rights reserved at