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FPIs from Mauritius to face greater scrutiny after tax treaty revision - Vimarsana News

FPIs from Mauritius to face greater scrutiny after tax treaty revision

Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by taxpayers. The Mauritius government had in February decided to amend the double taxation avoidance agreement (DTAA) with India to align with the Organisation for Economic Co-operation and Development's proposal on base erosion and profit shifting. Although the agreement between India and Mauritius was signed on March 7, the protocol of the amendment was made public for the first time on Wednesday, s...

Source: rediff.com
A new Bengali play looks into the rot that ails society today | Indiablooms - First Portal on Digital News Management - Vimarsana News

A new Bengali play looks into the rot that ails society today | Indiablooms - First Portal on Digital News Management

Presented by Creative Art Performers, the new Bengali play ‘Ashchhe Bhagaad’, written and directed by Kingshuk Bandopadhyay, is a strong comment on today’s society and the suffocating situation that we are going through.

To focus on big cases, Income Tax department to withdraw petty demands - Vimarsana News

To focus on big cases, Income Tax department to withdraw petty demands

The government will withdraw all outstanding income tax demands up to ₹25,000 for the period before FY10 and those up to ₹10,000 for the period between FY11 and FY14, finance minister Nirmala Sitharaman said. This move aims to reduce frivolous tax litigation and burden from the tax department. The decision will help close 11 million pending demands of income, wealth, and gift taxes, involving less than ₹3,500 crore.

Ethiopia Offers Airline Stake to Somaliland for Red Sea Port - Vimarsana News

Ethiopia Offers Airline Stake to Somaliland for Red Sea Port

(Bloomberg) -- Ethiopia signed a memorandum of understanding with Somaliland, a breakaway region of Somalia, to gain access to the Red Sea in exchange for a stake in its flagship carrier Ethiopian Airlines.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesUS Pushed Dutch Maker of Chip Equipment to Block Chinese Sales Before DeadlineAt Least 30 De

Source: yahoo.com
Ex-Credit Suisse CEO Thiam Bids for Chance to Lead Ivory Coast - Vimarsana News

Ex-Credit Suisse CEO Thiam Bids for Chance to Lead Ivory Coast

(Bloomberg) -- Tidjane Thiam’s bid to lead Ivory Coast’s opposition in presidential elections scheduled for 2025 is facing a critical test.Most Read from BloombergS&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActGoldman’s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsHow Were So Many Economists So Wrong About the Recession?Students Fighting Antisemitism Use Legal Tool That Tests Power at US CollegesT

Source: yahoo.com