Tue, Mar 28, 2017 | updated 07:59 AM IST

Cabinet approves signing of India-Samoa tax information exchange pact

Updated: Sep 21, 2016 16:42 IST

New Delhi [India], Sept.21 (ANI): The Union Cabinet has given its approval for the signing and ratification of an agreement between India and Samoa for the exchange of information with respect to taxes.

The agreement will stimulate the flow of exchange of information between India and Samoa for tax purposes which will help curb tax evasion and tax avoidance.

There are no financial implications at present. Only in the event of extraordinary costs exceeding USD 500, the same will be borne by India. India has similar provisions in other such tax information exchange agreement.

Salient features of the agreement:

1. It enables the competent authorities of India and Samoa to provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws of the two countries concerning taxes covered by this agreement.

2. The information received shall be treated as confidential and may be disclosed only to persons or authorities (including courts or administrative bodies) concerned with assessment, collection, enforcement, prosecution or determination of appeals in relation to taxes covered under the Agreement. Information may be disclosed to any other person or entity or authority or jurisdiction with the prior written consent of the information sending country.

3. The agreement also provides for a Mutual Agreement Procedure "for resolving any difference or for agreeing on procedures under the agreement.

4. The agreement shall enter into force on the date of notification of completion of the procedures required by the respective laws of the two countries for entry into force of the agreement. (ANI)

Mumbai (Maharashtra) [India], Mar. 28 (ANI):Backing parliamentarian Ravindra Gaikwad following his altercation with an Air India flight employee, the Shiv Sena on Tuesday criticised all other major airlines for putting him in the 'no fly list' and wondered why it never showed any concerns when Hurriyat leaders and underworld don Dawood Ibrahim travel by flights.

Full Story >>

New Delhi [India], Mar. 28 (ANI): Prime Minister Narendra Modi will hold a meeting with full Council of Ministers on Tuesday.

Full Story >>

New Delhi [India], Mar. 28 (ANI): The Supreme Court on Tuesday will hear a plea filed by filed by NGO Common Cause seeking a thorough investigation against former Central Bureau of Investigation (CBI) director Ranjit Sinha's alleged involvement in the Coal Scam case.

Full Story >>

Mumbai (Maharashtra) [India], Mar. 28 (ANI): In protest against the Law Commission's proposed amendments in Advocates Act 1961, also known as the 'Amendment Bill 2017', the Bar Council of Maharashtra and Goa, following the appeal made by the Bar Council of India, has decided to abstain from court work for one day.

Full Story >>

New Delhi [India], Mar. 28 (ANI): The Samajwadi Party on Tuesday defended Ravindra Gaikwad and criticised all major airlines for imposing a blanket ban on the Shiv Sena lawmaker following his altercation with an Air India employee.

Full Story >>

New Delhi [India], Mar. 28 (ANI): Criticising the Bharatiya Janata Party (BJP)-led Uttar Pradesh Government for banning slaughterhouses in the state, the Samajwadi Party on Tuesday alleged that the saffron party is doing this in order to please one community over the other despite the fact that Hindus are the largest consumers of meat.

Full Story >>

New Delhi [India], Mar. 28 (ANI): Citing an order passed by the National Green Tribunal in 2015, the Bharatiya Janata Party (BJP) on Tuesday defended its decision to ban slaughter houses in Uttar Pradesh and said the government has only been banning "illegal" slaughterhouses as per the guidelines of the order.

Full Story >>

New Delhi [India]. Mar. 28 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy has urged Prime Minister Narendra Modi to prosecute former finance minister P. Chidambaram and his family members under the new Black money Act and Benami Act.

Full Story >>

Shopian (Jammu and Kashmir) [India], Mar. 28 (ANI): Terrorists barged into the residence of an Assistant Sub-Inspector of police and a Constable in Kashmir's Shopian district and ransacked their houses in Jammu and late on Monday night.

Full Story >>

Imphal (Manipur) [India], Mar. 27 (ANI): In a truly tragic day for Manipur, at least 19 people including women and youth were killed in deadly road accidents that occurred at three different places.

Full Story >>

New Delhi [India], Mar. 27 (ANI): Communist Party of India (Marxist) (CPI-M) general secretary and Rajya Sabha MP Sitaram Yechury today slammed the government on making Aadhaar card mandatory, saying that the Unique Identification scheme is leading to a surveillance state in the country.

Full Story >>

New Delhi [India], Mar. 27 (ANI): External Affairs Minister Sushma Swaraj on Monday sought report from the Uttar Pradesh Government over the attack on four Nigerian students, who sustained severe injuries after being assaulted by a group of local residents in Greater Noida's Pari Chowk area.

Full Story >>

Mumbai [India], Mar. 27 (ANI): Asserting that Air India was trying to misguide everyone as to what actually caused the altercation onboard the aircraft, Shiv Sena MP Ravindra Gaikwad stated that he had never demanded a Business Class seat, but had instead requested a complaint book to address his grievance about 'substandard service'.

Full Story >>

New Delhi [India], Mar. 27 (ANI): Prime Minister Narendra Modi on Tuesday will chair a Cabinet Meet to mainly review the Goods and Services Tax (GST) Bill, for which four supporting bills were presented in Parliament today by Finance Minister Arun Jaitley.

Full Story >>

Mumbai (Maharashtra) [India], Mar. 27 (ANI): Senior Shiv Sena leader and Rajya Sabha MP Sanjay Raut on Monday asserted that the Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagat's name should be considered as the next President of India.

Full Story >>

Lucknow (Uttar Pradesh) [India], Mar. 27 (ANI): With the indefinite strike by meat vendors affecting several establishments in the state, the Samajwadi Party (SP) has asserted that the call taken by Uttar Pradesh Chief Minister Yogi Adityanath to shutdown illegal slaughterhouses, is severely affecting authorised shops as well.

Full Story >>

Srinagar (Jammu and Kashmir) [India], Mar. 27 (ANI): Aiming to provide generic drugs at affordable rates, Prime Minister Narendra Modi-led 'Jan Aushadhi' scheme has opened one of its stores in Srinagar's Rajbagh area in Kashmir.

Full Story >>

Parliament passes Mental Healthcare Bill

Updated: Mar 27, 2017 21:38 IST

New Delhi [India], Mar. 27 (ANI): The Parliament on Monday passed the Mental Healthcare Bill, 2016 with the Lok Sabha approving it today.

Full Story >>

Jaipur (Rajasthan),[India] Mar. 27 (ANI): The gruesome Bikaner rape case has taken a stunning turn, as it has emerged that the father had concocted charges of rape on his daughter by the teachers, as he wanted to take revenge on the school.

Full Story >>

Mumbai (Maharashtra) [India], Mar. 27 (ANI): Extending his support to Ravindra Gaikwad, Shiv Sena leader Sanjay Raut on Monday asked as to why there is no action taken by the airline against comedian Kapil Sharma and others who had also misbehaved with their staff in the past.

Full Story >>