India Tax Payer - Forum

Global > Black money

Moderator: Admin
To Share your topic kindly make payment.
Author
  • admin
  • Joined:07-12-2010
  • Posts:4
  • Location:
Message

Posted: 21-01-2011

What needs to be done to bring black money back?
NDTV Correspondent, January 21, 2011 (New Delhi)


Read more at: http://profit.ndtv.com/news/show/what-needs-to-be-done-to-bring-black-money-back-137293?pfrom=home-Business&cp


The Indian government is clearly under pressure to bring back, black money stashed abroad and with the Supreme Court getting into action, the government has little options but to act fast.


First on the government agenda is to rework India\'s Double Tax Avoidance agreements with tax havens like Mauritius, which is one of the biggest sources of investment into India.


A DTA allows companies that invest in India to be taxed only in the country of their origin. India has signed DTA\'s with 74 countries. 6 of which are tax havens.
Statistics
Total posts 81 | Total topics 62 | Total members 20305 | Our newest member: Sanjay Gajanan Ghungrud
Miranda Hazard Footer