India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
OECD FINALISES PACT ON GLOBAL MINIMUM TAX Why in the News? Global agreement: The Organisation for Economic Co-operation and Development (OECD) finalised a pact on the 15% global minimum corporate tax, addressing concerns similar to those raised in environmental clearance processes. US carve-out: The deal exempts US-based multinationals from additional foreign taxes under the framework, …
Read MoreREVISIT DIGITAL SEARCH POWERS UNDER INCOME TAX BILL 2025 Syllabus: GS-3: ● India Economy and development ● Taxation Why in the News? The Income-Tax Bill, 2025, introduced in Parliament by Finance Minister Nirmala Sitharaman during the monsoon session, proposes to empower tax officials with access to an individual’s “virtual digital space” during search and seizure …
Read MoreSyllabus: GS 2: Issues arising out of their Design and Implementation of Policies Bilateral, Regional and Global Agreements involving India and/or affecting India’s interests. GS 3: Taxation and Effects of Liberalization on the Economy, Why in the News? This article is in the news due to recent amendments to the India-Mauritius tax treaty, aimed at …
Read MoreWhy in the news? India-Mauritius tax treaty amended to prevent tax evasion, impacting investments; concerns raised over treatment of past investments. source:reseauvoltaire Understanding India-Mauritius Tax Treaty Amendment: India has signed a protocol amending the Double Taxation Avoidance Agreement (DTAA) with Mauritius to prevent tax evasion or avoidance. The amended pact includes the Principal Purpose Test …
Read More
