Mauritius’s Ministry of Finance has denied that there are plans for a renegotiation of the jurisdiction’s double tax agreement with India in the near future. The Ministry stated: Further to press articles alleging that Mauritius and India are to begin a fresh round of negotiations to amend the Double Taxation Avoidance Convention, the Ministry of […]
India cracks down on directors of Shell companies
Directors of Indian Shell companies that have not filed tax returns for at least three years have been disqualified from re-appointment or from being appointed to similar roles elsewhere, India’s finance ministry said. The move, part of a crackdown on illegal transactions and tax evasion, comes a day after authorities froze the bank accounts […]
CBDT signs 4 Additional Advance Pricing Agreements
The APA scheme endeavors to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance. New Delhi: The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs), pertaining to sectors like telecom, banking, […]