Double Taxation

GST: Tamil film industry opposes local body tax; state government in no mood to relent

Over and above GST, the Tamil Nadu government has imposed a 30 percent local body tax.

Budget 2017: Arun Jaitley should put more money in the hands of consumer to boost spending

With the announcement of 1 July as the new date for implementation of GST, it is likely that the indirect tax proposals in the Union Budget 2017 will be a precursor of sorts to GST.

GST Bill passed: Still confused about how it will impact you? Check out this simple chart

GST will reduce the overall tax incidence. Along with it, competition between the players will play a role in the reducing the prices further

Govt approves revision of tax treaty with Belgium

The amendment in the protocol will broaden the scope of the existing framework of exchange of tax related information between the two countries, which will help curb tax evasion and tax avoidance

India plans review of Mauritius tax treaty, Sensex below 17000

The Sensex plunged below the psychological 17000 to trade at 16949.34, down 200 points, while the Nifty is down 1.28 percent at 5122.

GAAR jitters: Winners and losers in market since 16 March

There are reports that foreign institutional investors have been short-selling Nifty futures owing to lingering concerns over the tax provisions under the General Anti-Avoidance Rules.

Shantha Biotech buyout: Sanofi to pay tax in France not India

The Andhra Pradesh High Court today ruled that French drug maker Sanofi Aventis will not have to pay taxes in India for its buyout of Hyderabad-based vaccine firm Shantha Biotechnics in 2009.

German-Swiss taxation treaty good guide for black money: HSBC India head

HSBC India Head Naina Lal Kidwai has said India can look at Germany-Switzerland type taxation treaty whereby taxes on secret Swiss bank accounts are shared without disclosing the identity of the offender.

Everything you need to know about GAAR

Releasing the draft guidelines, the finance ministry committee stated that non-resident investors of FIIs will be exempt from the rules, and also called for a monetary threshold from which GAAR will be implemented.

FinMin clarifies on GAAR, FIIs will now be split into two

The new anti-avoidance rules will now create two classes of foreign institutional investors- those that will be taxed and those who won't.