The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 by US Government, aims to check and impose withholding tax on illicit activities of US taxpayers who use offshore accounts to evade taxes. The final FATCA regulations, issued in January 2013, are set to come into effect from July 1, 2014 after signing of Intergovernmental Agreements (IGA) with different countries. On April 11, 2014, India reached an agreement 'in substance' with USA on FATCA.
-
*1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016?* Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a sche...
-
The ICAI elections are back. Keep watch this page for all the updates on this election. You can bookmark this. To begin with, the first issu...
-
Elections are about 'conventional wisdoms', which hold true like theorems most times... but it is the exceptions that prove the rule...
No comments:
Post a Comment
What do you think about this? Please write your comment.