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India, Mauritius sign new tax protocol, treaty benefits to be slashed - Industry News

India, Mauritius sign new tax protocol, treaty benefits to be slashed - Industry News
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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India, Mauritius amend double taxation avoidance pact - The Hindu BusinessLine

India, Mauritius amend double taxation avoidance pact - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Soomilduth bholahAzadi bachao andolanRakesh nangiaSupreme courtDouble taxation avoidance agreementPrincipal purpose testMinister soomilduthSaurrav soodPractice leaderNangia andersen india

Pre-2017 investments of Mauritius-based funds may face enhanced tax scrutiny

According to depository data, Mauritius-based FPIs owned shares worth Rs 5.2 lakh crore in April 2017 contributing to 20% of the total FPI assets in India.

Ipsita agarwallaRajesh gandhiNishith desai associatesDouble taxation avoidance agreementEconomic co operationGeneral anti avoidance rulesReserve bankNishith desaiSaurrav sood

Concessional corporate tax rate of 15% for eligible start-ups has not been extended beyond March 31, 2024

No extension of concessional tax rate: Interim Budget 2024 has disappointed the manufacturing start-up companies by not extending the sunset date for concessional corporate tax rate of 15% beyond March 31, 2024. Some industry experts are of the opinion that this non-extension might impact the government s Make In India initiative.

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ET Explainer: Why is India backing the UN framework on international tax cooperation?

The resolution, proposed by Nigeria, was backed by 125 countries, including India, China and Russia, and passed in the UN General Assembly in New York last week despite developed nations such as the US, UK, Netherlands, Switzerland, Japan, France and Germany voting against it.

New yorkUnited statesUnited kingdomRohinton sidhwaUnited nationsOrganisation for economicShardul amarchand mangaldas coEconomic co operationSaurrav soodGouri puriShardul amarchand mangaldasInternational tax cooperationUn general assemblyTax rules