Friday , December 12, 2025 |   17:48:20 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
I-T - Tax on dividends paid by Indian companies to their foreign parents must be capped at rate prescribed under tax treaties instead of one under domestic law: HC (See Breaking News) TP - Receivable should be netted off against payable from its associated enterprises and net amount should be subject to interest determination of arm's-length price: ITAT (See Breaking News) I-T - Mere entry in books of account is not determinative of liability towards income tax, as regards charter hire fees for offloading vessel and operation & maintenance services: ITAT (See Breaking News) TP - If working capital adjustment is granted to assessee, computation of interest on overdue receivable from associated enterprises does not arise: ITAT (See Breaking News) TP - Wide fluctuations in profit margins of same entity on a year-to-year basis would be offset by taking arithmetic mean of all comparables: ITAT (See Breaking News) I-T - Amounts paid by resident Indian distributors to non-resident software manufacturers, as consideration for resale/use of computer software through distribution agreements, is not payment of royalty: ITAT (See Breaking News) TP - ALP is not price which taxpayer is charging or paying for being party in international transaction, but it is the price to be paid or charged in such comparable controlled transaction in comparison to comparable un-controlled transaction: ITAT (See Breaking News) TP - Price charged to non-AEs in India cannot be used as CUP for determining arm's length price of sales of finished products made to overseas AEs: ITAT (See Breaking News) TP - Exercise of jurisdiction u/s 263 to revise final assessment order passed in pursuance to directions of DRP is invalid: ITAT (See Breaking News) Global economy continues to remain fragile: OECD (See Brief) TP - Notional indirect benefit to AE, due to incurring of certain expenditure by assessee in India, is not covered by TP provisions: ITAT (See Breaking News) I-T – As per Explanation to Sec 144C(8), DRP is empowered to examine issues arising out of assessment proceedings even if such issues do not form part of variations proposed by AO: ITAT (See Breaking News) I-T - FPI is free to choose as to how set off of short term capital loss has to be: ITAT (See Breaking News) I-T - TDS is not applicable on commission payment to foreign agents who have rendered services outside India and whose income is not taxable in India: 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.