Tag Archives: Double Taxation

Double taxation

Double taxation is a taxation referring to income taxes paid twice on the same source of earned income.

It can occur when income is taxed at both the corporate level and personal level.

Double taxation also occurs in international trade when the same income is taxed in two different countries.

Notification of Protocol DTAA between India and Mauritius

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

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

Proposed amendment to Related Party Transaction under Companies Act, 2013

Proposed amendment to Related Party Transaction under Companies Act, 2013
INTRODUCTION
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,

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

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