The Indian Income Tax Department issued a clarification on the India-Mauritius DTAA Amendment Applicability on Friday. It said that the protocol is yet to be ratified and notified under the section 90 of the Income-tax Act.
Experts express mixed feelings on this contentious issue. Some feel it will burden shareholders, while others feel it benefits both the company and the shareholder when compared to the outgo on account of tax on dividends. It remains to be seen how the Finance Minister tinkers with these taxes in the upcoming Union Budget
According to the Q4 IPO trends report released by EY, the leading global professional services organization, the fourth quarter of 2022 witnessed the highest number of deals after the relatively muted activity throughout the year.
Global private banks are rushing to hire advisers for India’s rich, as China’s slowdown and a gloomier global outlook turn the nation into a bright spot for wealth management.