The government’s official auditor, Comptroller and Auditor General (CAG), has mooted lower corporate taxes to stop many non-resident firms from misusing the Double Taxation Avoidance Agreements (DTAAs) on account of higher levies in India.
The Reserve Bank of India has, today, placed on its website a technical paper on ‘Inflation Indexed Bonds” for public comments. Comments on the technical note may be forwarded to the Chief General Manager, Internal Debt Management Department, Reserve
Having scrutinised more than 380 merger and acquisition deals from 2007-08, the Income Tax department is expected to soon slap entities concerned with notices for tax totalling several crores of rupees.
