Business EconomyPosted at: Mar 23 2017 7:22PM

India notifies tax treaty with Singapore from April 1

New Delhi, Mar 23 (UNI) The government today notified the amended India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on December 30, 2016, under which capital gains tax will be levied at source of investment from April 1, 2017.

The India-Singapore DTAA at present provides for residence based taxation of Capital Gains of shares in a company.
Now, it will curb revenue loss, prevent double non-taxation and streamline the flow of investments.
In order to provide certainty to investors, investments in shares made before April 1, 2017 have been grandfathered subject to fulfillment of conditions in Limitation of Benefits clause as per 2005 Protocol, the Finance Ministry said in a statement.
Further, a two-year transition period from April 1, 2017 to March 31, 2019 has been provided during which capital gains on shares will be taxed in source country at half of normal tax rate.
UNI ASH SW 1922

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TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

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KANNUR, APR 24 (UNI):- CPI(M) led LDF candidate M V Jayarajan waved to supporters an elections finale, at Kannur on Wednesday. UNI PHOTO-99U

KANNUR, APR 24 (UNI):- Congress led UDF workers an election finale of KPCC President and incumbent MP of UDF, K Sudhakaran during an election finale at Kannur town, on Wednesday. UNI PHOTO-98U

NAGAON, APR 24 (UNI):- Congress candidate Pradyut Bordoloi with party leader Gaurav Gogoi and Assam Jatiya Parishad (AJP) President Lurinjyoti Gogoi during a campaign rally for Lok Sabha elections, in Nagaon District of Assam, on Wednesday. UNI PHOTO-111U

GUWAHATI, APR 24 (UNI):- Bijuli Kalita Medhi BJP Guwahati Lok Sabha candidate during a road show, in Guwahati on Wednesday. UNI PHOTO-110U

NAGAON, APR 24 (UNI):- Congress candidate Pradyut Bordoloi with party leader Gaurav Gogoi and Assam Jatiya Parishad (AJP) President Lurinjyoti Gogoi during a campaign rally for Lok Sabha elections, in Nagaon District of Assam, on Wednesday. UNI PHOTO-107U

GUWAHATI, APR 24 (UNI):- Bijuli Kalita Medhi BJP Guwahati Lok Sabha candidate during a road show, in Guwahati on Wednesday. UNI PHOTO-106U

HYDERABAD, APR 24 (UNI):- Jayesh Ranjan, Principal Secretary, Govt. of Telangana addressing at the Retailer's Summit organized by Retailers Association of India, on Wednesday. UNI PHOTO-96U

THIRUVANANTHAPURAM, APR 24 (UNI):- BJP supporters campaigning of all parties marking the conclusion for electoral campaign for the Lok Sabha polls in Kerala will draw to a close in Thiruvananthapuram on Wednesday. UNI PHOTO-94U

HYDERABAD, APR 24 (UNI):- Congress candidate from Secunderabad Lok Sabha seat Danam Nagender along with Telangana Chief Minister Revanth Reddy on the way for filing nomination papers for Lok Sabha elections, in Secundrabad on Wednesday. UNI PHOTO-91U

WAYANAD, APR 24 (UNI):- BJP Tamilndau President K Annamalai waving hands towards the people at a road show, as part of election campaign for NDA candidate and BJP Kerala president K Surendran at Mananthavady, on Wednesday. UNI PHOTO-90U

HYDERABAD, APR 24 (UNI):- BJP candidate for Hyderabad Kompella Madhavi Latha filing nomination papers for Lok Sabha elections, in Hyderabad on Wednesday. UNI PHOTO-89U

HYDERABAD, APR 24 (UNI):- Dr.Duvvuri Subbarao (C) former Reserve Bank Governor releasing a book titled ‘Just A Mercenary? Notes from My Life and Career, at Kautilya School of Public Policy, GITAM Deemed to be University, in Hyderabad on Wednesday. UNI PHOTO-88U

NALGONDA, APR 24 (UNI):- Telangana Irrigation, Food and Civil Supplies Minister Uttam Kumar Reddy, Roads and Building Minister Komatireddy Venkat Reddy, participate Nalgonda Congress MP Candidate K Raghuveera Reddy, filing nomination papers Lok Sabha elections in Nalgonda on Wednesday. UNI PHOTO-87U

HYDERABAD, APR 24 (UNI):- BRS President and former Telangana Chief Minsiter K Chandrasekhar Rao, during launch bus yatra as part of the Lok Sabha elections campaign at BRS Bhavan, in Hyderabad on Wednesday. UNI PHOTO-85U

HYDERABAD, APR 24 (UNI):- Bharat Rashtra Samithi (BRS) Party Working President K T Rama Rao on his way at the road show before filing nomination papers of Malkajgiri BRS party candidate Ragidi Lakshmareddy, in Hyderabad on Wednesday.UNI PHOTO-83U