Saturday, 1 December 2018

India - Hong Kong DTAA enters into force

Indian Consulate in Hong Kong reports that DTAA between India and Hong Kong has entered into force on November 30, 2018, pursuant to Governments of India and Hong Kong completing all the relevant procedures required by their laws; Relevant formalities were completed from the Indian side on May 11th, 2018 while Hong Kong has completed necessary procedures on November 30th, 2018.  

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ITAT: Property Received on Family Trust Dissolution Qualifies as ‘Devolution’, Long-Term Capital Gains Tax Applies

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