Despite a provision allowing treaty override, India may not have to renegotiate all its double tax avoidance agreements, once the Direct Taxes Code comes into effect. The provision simply gives India the leeway to pick and choose tax treaties it wants to re-negotiate. Others can simply be re-notified, a finance ministry official said. The draft Direct Taxes Code, unveiled last month has used the principle of lex posterior or later in time doctrine, implying that in case of a conflict, the new law would be accepted over the double taxation avoidance agreements (DTAAs). At present, the tax treaty overrides the …

You May Like These Articles

• September 21, 2009 -- U.S. extends tax amnesty deadline to Oct. 15
• October 12, 2009 -- Oil slips to $73, off 7-wk high; eyes weak dlr
• December 7, 2009 -- Obama sets plan to spur jobs, without busting budget
• January 26, 2010 -- Eurogroup head takes aim at Franco-German divide
• June 14, 2010 -- No sign of return to post-Lehman stresses – Nowotny
• January 13, 2005 -- Unions slam action to cut sick leave in NI
• April 7, 2010 -- Fonts that save you money
• February 5, 2010 -- Japan, U.S. discuss common economic challenges
• October 28, 2009 -- India gold edges higher as weak rupee supports
• August 4, 2005 -- Procurement czar calls for bolder buying
• November 16, 2009 -- Investcorp to buy Gulf Cryo stake
• November 1, 2009 -- UK bank shake-up to bring in new competitors – Darling
• September 1, 2005 -- Agenda for Change deal with NHS contractors is in sight
• July 1, 2010 -- Asia stocks rebound, euro up ahead of U.S. data
• June 22, 2010 -- BP boss retreats, stand-in faces spill protest
• January 11, 2010 -- GM says Saab closing, no viable bid yet
• November 4, 2004 -- Scottish education reforms leave local authorities out in the cold
• November 2, 2009 -- FE Edirorial: Mines, ministers, Maoists
• December 25, 2009 -- FACTBOX – Business reacts to U.S. Senate passing health reform
• February 21, 2010 -- Asia shares up, gold firm as dollar rally pauses

You May Like These Articles

• November 3, 2009 -- University challenge, by Conor Ryan
• September 28, 2006 -- Scotland set to double spending on transport
• April 27, 2006 -- MPs call for air tax rise
• December 1, 2009 -- India gold hits record highs tracking global leads
• December 9, 2009 -- China to raise purchase tax on small cars
• May 12, 2005 -- Audacious move pits Osborne against Brown
• November 23, 2009 -- GLOBAL MARKETS – Gold at record; resource plays boost stocks
• March 19, 2010 -- India’s state-run MTNL gets $303 mln in tax refund
• December 8, 2009 -- Rupee falls to near 2-wk low; shares watched
• June 3, 2010 -- First round of bidding closes for Newsweek
• June 4, 2010 -- INTERVIEW – Govt to ask miners to share profit to quell unrest
• June 23, 2010 -- 3 reasons not to co-sign for college students’ credit cards
• November 5, 2009 -- Toyota in surprise Q2 profit
• February 2, 2010 -- Madoff trustee, victims spar in court over payment
• October 23, 2008 -- News round-up: October 24
• December 14, 2009 -- Fiat chairman says not seeking Asian partner
• October 1, 2009 -- Global money thaw becomes a torrent
• March 15, 2010 -- Euro ministers discuss Greek standby aid planning
• December 5, 2009 -- Bangladesh issues re-tender to buy 60,000T wheat
• June 17, 2010 -- Lehman gets OK to hire Sotheby’s, invest in NYC building