Progress on the Australian trade pact signals a momentum shift
IT expected to be 'biggest gainer' with savings up to $1 bn
Court says firm can pay "under protest", subject to final order; dispute could trigger similar rows in tax matters with MNCs, experts warn
The case pertains to the agreement between the Yum Restaurants (Asia), the assessee and its Indian counterpart, where Vinod Mehboobani was deputed to India as the vice president (VP).
Multilateral agreement to provide standard framework for bilateral tax treaties
Revised DTAA with both island nations will enable source-based taxation of capital gains on shares
Capital gains tax will be imposed on investments from Singapore that are made from April onwards
Like Mauritius and Cyprus, capital gains provisions would also come into effect from April 1, 2017
India has DTAA with Switzerland under which information is obtained in specific cases on request basis
The Working Group will be headed by a Joint Secretary level official at the income tax department