Thursday , June 18, 2026 |   23:20:54 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - Reimbursement does not contain any income element so as to be taxed as Fees for Technical Services either under I-T Act or under India–Japan tax treaty: ITAT (See Breaking News) DTAA - DDT u/s 115-O is tax levied on distributed profits of domestic company & not on income of shareholder; ergo does not fall within scope of DTAA benefits - YES: ITAT (See Breaking News) I-T- Final assessment order passed in violation of binding DRP directions is void ab initio: ITAT (See Breaking News) DTAA - Excess DDT paid u/s 115-O can be refunded u/s 237 even if not claimed in return due to ITR utility limitation; DTAA rate of 10% applies to DDT: ITAT (See Breaking News) I-T - Consultancy receipts cannot be taxed in India as business income in hands of non-resident in absence of evidence establishing business connection, PE, or fixed base in India: ITAT (See Breaking News) DTAA - Referral fee is purely a commercial income arising from introduction of clients & does not involve any managerial, technical or consultancy services; cannot be treated as FTS: ITAT (See Breaking News) TP - Internal CUP based on tariff charged charged by DGVCL to consumers is reliable benchmark: ITAT (See Breaking News) The 2026 Income Tax Ordinance and non-residents (See TII Edit) DTAA - Re-assessment is invalidated where commenced on incorrect assumption of facts: ITAT (See Breaking News) TP - Variations in functional profile, turnover filter and RPT filter, calls for exclusion of comparable for benchmarking purposes: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

G20 jamboree: FM stresses on financial stability & fiscal sustainability
By TII News Service
Oct 14, 2021 , New Delhi

    

 

UNION Minister for Finance, Nirmala Sitharaman, participated in the 4 th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the Italian Presidency heldyesterday in Washington D.C. on the sidelines of the IMF-World Bank Annual Meeting

The meeting was the final FMCBG Meeting under the G20 Italian Presidency and saw discussions and agreements on various issues concerning global economic recovery, pandemic support to vulnerable countries, global health, climate action, international taxation and financial sector issues.

For a sustained recovery from the pandemic, the G20 Finance Ministers and Central Bank Governors agreed to avoid any premature withdrawal of support measures, while preserving financial stability and long-term fiscal sustainability, and safeguarding against downside risks and negative spillovers.

Sitharaman noted that for transitioning from crisis to recovery, one of the major challenges is ensuring equitable access to vaccines for all. The Finance Minister suggested that keeping up the support, building resilience, enhancing productivity and structural reforms should be our policy goals.

The Finance Minister appreciated the role of G20 in rallying pandemic response and supporting vulnerable countries through debt relief measures and the new SDR allocation. Going forward, Ms. Sitharaman suggested on focusing efforts on making the benefits reach the intended countries.

The Finance Minister joined the G20 Ministers and Governors in agreeing on the need for strengthening efforts to counter climate change. Sitharaman emphasised that considering the varied policy spaces and different starting points of countries, the centrality of climate justice based on United Nations' Framework Convention on Climate Change and principles of Paris Agreement would be critical for taking forward discussions towards successful outcomes.

For addressing tax challenges arising from the digitalisation of the economy, the G20 FMCBGs endorsed the final agreement as set out in the Statement on a two-pillar solution and the Detailed Implementation Plan released by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) on 8 th October, 2021.

The meeting concluded with the G20 FMCBGs reaffirming their commitment to advance the forward-looking agenda set in the G20 Action Plan to steer the global economy towards a strong, sustainable, balanced and inclusive growth.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.