The Australian Parliament gave its assent to a free trade agreement with India, and amended the Double Taxation Avoidance Agreement. Let's understand how it will benefit India's foreign trade
Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia
Fund managers want govt to freeze taxes on sovereign debt papers
Govt on Wednesday said NRIs and foreign nationals stuck in India due to COVID and facing double taxation can submit the details to the income tax department by March 31
Earlier, industries falling under the jurisdiction of UPSIDA, were subject to tax/user charges levied by the nodal industrial development agency and the local district panchayat
The Supreme Court dismissed the appeal of the tax authorities observing the two-men unit in Mumbai was only auxiliary office doing no core business
India imposed the tax in 2016 on all overseas e-commerce transactions originating in India at an additional 2%.
Rewriting of norms may result in double taxation, say experts
The matter would come up for hearing on March 8