NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situation
Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or ...
The Financial Express9d
Govt can act against tax treaty abuse despite PPT clause: Experts
CBDT clarifies that the principal purpose test (PPT) will apply prospectively to DTAAs with PPT clauses, while grandfathered ...
CBDT clarifies exemptions from principal purpose test in double taxation avoidance agreements
India's Central Board of Direct Taxes (CBDT) has clarified that exemptions from the Principal Purpose Test (PPT) under some ...
moneycontrol.com28d
Mauritius Treaty
It would be interesting to see whether the DTAA's modification will have a provision on capital gains akin to the Mauritius Treaty, whereby any investment made by a foreign institutional investor ...
inc424y
Tiger Global’s Run-In With Taxman Hurts Indian Startup Funding Outlook Amid Crisis
Besides seeking the benefits under the DTAA treaty, Tiger Global also pointed out that it had sold its stake in a Singapore-based entity of Flipkart. Based on this, the VC company urged that it ...
PPT circular doesn’t intend to interfere with any other provision of the Indian DTAAs, says CBDT
CBDT clarifies circular on Principal Purpose Test (PPT) under India's DTAAs, ensuring consistency in tax law interpretation.
Tax Guru16d
Income Tax Rule 128 for claiming foreign tax credit is directory in nature: ITAT Pune
In its ruling, the ITAT Pune concluded that the provisions of Rule 128 (9) are directory, not mandatory, aligning with judicial precedents emphasizing the supremacy of DTAA provisions in cases of ...