विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 21-December 2014
Date Month Year
  • Min of Defence
  • Small Leap for LCA (Navy) – A Giant Leap for Indian Naval Aviation
  • Flying Between Bullets & Ballots:
  • Min of New and Renewable Energy
  • Renewable Energy Programmes Gets A New Impetus; Focus on Development of Energy Infrastructure

Previous Date

 
Ministry of Finance08-March, 2013 18:45 IST
Double Taxation Avoidance agreement (DTAA) with South Korea

India has signed 88 Double Taxation Avoidance Agreements (DTAAs) out of which 85 have entered into force, with various countries including Sri Lanka and South Korea.

The DTAAs provide for allocation of taxation rights to source State and residence State in respect of business profits including that of a permanent establishment, operation of ships or aircraft in international traffic, dividends, interest, royalty, capital gains etc. Further, DTAAs have provisions for exchange of information for tax purposes.

The DTAAs facilitate mutual economic cooperation and provide tax certainty to the resident tax payers of both the countries. Further, the DTAAs aim to avoid the burden of double taxation on the income of residents of the two treaty countries and also simulate flow of investment, technology and services between them.

This was stated by the Minister of State for Finance, Shri S. S. Palanimanickam in a written reply to a question in the Lok Sabha today.

*****


DSM/RS/ka
(Release ID :93330)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy