Finance Ministry notifies e-advance ruling scheme, allows filing e-mail application : Rashtra News #Finance #Ministry #notifies #eadvance #ruling #scheme #filing #email #application The finance ministry has notified the 'e-advance rulings Scheme', enabling taxpayers to file their application for advance ruling through e-mail, a move that will majorly benefit non-resident assesses in such proceedings. The 'e-advance
The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.
The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax.
The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius. The government had in the
What is colloquially known as the ‘angel tax’ was first introduced in 2012, to deter the generation and use of unaccounted money through the subscription of shares of a closely held company at a value that is higher than the fair market value of the firm’s shares.