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Tag: Tax


Undisclosed Foreign Income and Assets (Imposition of Tax) 2015 ( The Black Money Bill) – Explained

The parallel economy in India exists on a scale that is unrivalled anywhere else in the world, estimates of total unaccounted money generated by india and circulating around the world …

GST :The Constitutional (122nd Amendment) (GST) Bill 2014

The constitutional (122nd amendment) Bill 2014 was first introduced in the Lok Sabha by the honourable finance Minister of India, Mr Arun Jaitley. It is widely accepted that the bill …

CBDT notifies new tax forms. [Updated]

The CBDT last week issued a communique notifying new forms for filing tax returns and associated rules for Individuals and HUFs. The new forms while ostensibly aimed at curbing the …

Foreign Trade Policy 2015-2020 : Key Highlights

The New Foreign Trade Policy for the period 2015 to 2020 was announced by the government on the 1st of April 2015.  Some key highlights of the policy along with …

India notifies Cyprus as a Notified Jurisdictional Area (“NJA”)

Global tax wars : India strikes on Cyprus [dropcap style=”simple”]A [/dropcap]by-product of the globalised way of doing business, complex tax structures involving use of multiple low tax jurisdictions and supposed …