Union Cabinet approves revised India-Cyprus Double Tax Avoidance Agreement-Prelims-2017

The Union Cabinet approved a revised Double Tax Avoidance Agreement (DTAA) and the Prevention of Fiscal Evasion with respect to Taxes on Income between India and Cyprus.The revised DTAA provides…

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Key Recommendations of 14th Finance Commission-MAINS-2016

Horizontal Devolution Formula – Horizontal devolution means transfer of finance between states. The Commission added a new criterion of forest cover for devolution of Central taxes which has gone against the…

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