India and Slovenia have signed Protocol amending the India-Slovenia Double Taxation Avoidance Convention. India and Slovenia have signed a Protocol amending the existing Convention and Protocol between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 17th May, 2016 in Ljubljana. The Protocol was… Read More »
Ministry of Finance 10-May, 2016 India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal… Read More »
Facts of the Case The Assessee entered into a joint venture with Oman Oil Company to form Oman Fertilizer Company SAOC (OMIFCO), which is a registered company in Oman under the Omani Laws. The Assessee holds 25% share in OMIFCO, which is engaged in manufacturing fertilizers. The Assessee has established a branch office in Oman… Read More »
Summary of Decision we hold that the surcharge and education cess is not leviable when the tax rate is prescribed under DTAA IN THE ITAT KOLKATA BENCH ‘C’ Deputy Director of Income-tax (IT)-1(1), Kolkata v. BOC Group Ltd. MAHAVIR SINGH, JUDICIAL MEMBER AND M. BALAGANESH, ACCOUNTANT MEMBER IT APPEAL NO. 571 (KOL.) OF 2013 [ASSESSMENT… Read More »
New DTAA between Thialand and India shall be effective from 01.4.2016 DTAA between Thialand and India
Double Taxation Avoidance Agreement or DTAA is an agreement between two countries which aims to avoid taxation of the same income in both countries. India has signed the DTAA with several countries. During assessment of an assessee to whom DTAA applies, the provisions of the Income Tax Act apply only to the extent they are… Read More »
How NRIs can claim tax benefits under DTAA Double Taxation Avoidance Agreement or DTAA is an agreement between two countries which aims to avoid taxation of the same income in both countries. India has signed the DTAA with several countries. During assessment of an assessee to whom DTAA applies, the provisions of the Income Tax… Read More »