Black money: Mauritius takes fresh steps to address round-tripping concerns

As a revision to the Indo-Mauritius tax treaty hangs in balance, the financial sector watchdog of the island nation has said its fresh conditions for grant of tax residency certificates will help address India's concerns on suspected round tripping of funds.

FinMin likely to prescribe threshold for furnishing of TRC

In order to promote ease of doing business, Finance Minister Arun Jaitley is likely to fix a monetary threshold for furnishing Tax Residency Certificate (TRC) which is needed by overseas entities for availing benefits under bilateral tax treaties.

TRC to be accepted as residency proof: FM to foreign investors

Easing norms for investments through countries like Mauritius and Cyprus, Finance Minister P Chidambaram Tuesday said the tax residency certificate (TRC) issued by a foreign government will be accepted as proof of residency for availing benefits under tax treaties.

Rev Secy, SEBI chief meet FIIs to allay fears on tax issues

Revenue Secretary Sumit Bose and SEBI Chairman U K Sinha in a meeting with FIIs Wednesday sought to allay foreign investors' fears related to controversial tax residency certificate (TRC) and other concerns.

Mauritius promises to address India's concerns on tax treaty

Mauritius on Tuesday promised to address India's concerns on possible misuse of tax avoidance treaty between the two countries, while ensuring its commercial viability, on mutually acceptable terms.

No unilateral revision of tax treaty with Mauritius: FM

Finance Minister P Chidambaram on Friday sought to allay investors' apprehensions on Tax Residency Certificate issue saying India will not unilaterally revise the double taxation avoidance treaty with Mauritius.

Fin Min assurance, value-buying helps Sensex recover 57 points

Good auto sales attracted investors to Maruti Suzuki that jumped 5 percent. Bajaj Auto and M&M also rose smartly.

Chidambaram to address concerns over TRC during budget debate

The Finance Ministry on Friday sought to assure worried investors saying their concerns on Tax Residency Certificate (TRC) for claiming treaty benefits will be 'suitably' addressed during discussion on Finance Bill in Parliament.