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TII BREAKING NEWS
 
TP - 'Guarantee commission' would be construed as 'international transaction' u/s 92B, if AE was charged lesser interest in case of credit taken against guarantee:
TP - Adjustment on account of underutillization of margins should be made while computing ALP, if underutilization is more than average underutilization of industry: ITAT
I-T - Contribution made by member to its mutual association by way of foreign remittances, would not constitute income chargeable to tax: ITAT
TP - No gaint company having huge intangibles & IPR can be compared to any average entity: ITAT
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TII SPECIAL Apr 19, 2017
 
Trash tax distortions to perk up economic efficiency & growth
By Naresh Minocha

THE flavor of fiscal policy as growth accelerator remains as refreshing as ever. The freshness implies the scope for more fiscal corrections notwithstanding implementation of numerous tax and expenditure reforms in different countries.

Multilateral institutions are thus once again putting on policy makers' platter the idea of tweaking fiscal policy to spur economic

 
TII EDIT Apr 20, 2017
 
France - new tax haven for India?
By D P Sengupta

ECONOMIC Times carried a news item on the 18th April 2017-"Paris replacing Mauritius as tax haven, Citi alerts Finance Ministry." The tagline is a bit perplexing. France has one of the highest tax rates in the western world and it would not be proper to term it as a tax

 
BULLETIN BOARD
 
New Delhi, Apr 17, 2017
CBDT creates 13 posts of CIT (DR) & (DRP) by diverting posts of CIT(A)...
New Delhi, Apr 11, 2017
CBDT issues clarification with respect to seafarer receiving remuneration in NRE account...
New Delhi, Mar 27, 2017
Protocol amending India-Singapore DTAA notified...
New Delhi, Mar 24, 2017
Guidelines for waiver of interest charged under section 201(1A) (i) of the Income-tax Act,...
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TII BRIEF
 
New Delhi, Apr 19, 2017
India-Nepal BIPPA - Ratification under consideration: Nepalese President ...
New Delhi, Apr 11, 2017
FATCA - Due diligence by FIs - Accounts to be blocked if no compliance ...
Paris, Apr 10, 2017
OECD's CLIs indicate growth momentum in USA & Germany...
Paris, Apr 06, 2017
OECD GDP grew by 0.7% in Q4; by 1.8% in 2016 ...
New Delhi, Apr 03, 2017
Technology offers solutions to tackle tax fraud: OECD ...
 
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