Thursday, 8 February 2018

Revised India-China treaty to incorporate minimum standards & other changes under BEPS

Cabinet approves signing and ratification of protocol amending India-China DTAA; Protocol will incorporate changes required to implement treaty related minimum standards under the BEPS project; Besides minimum standards, the Protocol will also bring in changes as per BEPS Action reports as agreed upon by two sides; Further, Protocol updates the existing provisions for exchange of information to the latest international standards 

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Delhi HC: No Deemed Gift Tax on Share Buy-Back at Discount

The Delhi High Court in the case of Globe Capital market has ruled that a company’s buy-back of its own shares cannot be taxed under Section...