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
Tag Archives: 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.
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 […]
All which you want to know about Brexit What took the world, the economists and the markets by a shock, took most of us to boozing heads about what exactly was Brexit and why did UK’s exit or remain in the EU actually mattered. Let’s decode:
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 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 Relief If anybody earns income which suffers tax outside india, the Income Tax Act has the provision of relief from such double taxation. The relevant provision are contained in section 90 and section 91 of the I T Act.