Latest Updates Around The World
The Global Forum on Transparency and Exchange of Information for Tax Purposes recently met in New Delhi for its 18th plenary meeting. Delegates from more than 120 jurisdictions confronted a widening fracture in the international tax architecture: the financial sector has been digitized far faster than the reporting frameworks designed to monitor it. The plenary […]
The concept of TDS was introduced with the aim of collecting taxes from the source of income. Seventeen types of payments made to seven categories of companies that work in the International Financial Services Center (IFSC) are exempt from tax deducted from Source (TDS), has said the income tax department. The exemption applies from 1 […]
