Mineral resources rent tax demanded by an Indian state

06 September, 2011

Orissa has more than 35% of India’s iron ore reserves. Considering the potentially huge amount of money to be made not just benefitting a small group of private mining companies, the Chief Minister of Orissa has asked the Indian Prime Minister to

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India signs DTA with Georgia

02 September, 2011

The Indian government has signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (DTA) with the government of Georgia. The DTA ensures that business profits will

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Indian coal mining industry faces tax hit

01 August, 2011

Indian draft Mines and Minerals (Development and Regulation) Act added  new provisions requiring non-coal mining companies to contribute 100% of their royalty to the proposed District Mineral Foundation, and coal mining companies to contribute 26%

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Tax rebate on cotton exports in India

29 July, 2011

Fall in both domestic and international prices of cotton led the Indian government to review the industry which has been in trouble recently. The Govt. has decided to restore tax rebates on raw cotton and cotton yarn for export in this regard . From

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DTA between India and Lithuania

28 July, 2011

In order to avoid the double taxation and prevention of fiscal evasion, an agreement and protocol has been announced by the Indian government with Lithuania with respect to taxes on income and capital. This is the first double tax agreement to be

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