The Central Board of Direct Taxes has issued a new guidance note on the Principal Purpose Test (PPT) for tax treaty benefits, applicable prospectively. The note ensures that grandfathering provisions ...

For ensuring parity and uniformity In the application of the PPT provision under India’s DTAAs, it is clarified that the PPT provision is Intended to he applied prospectively. Accordingly, the PPT ...

In a fresh guidance note issued on January 21, the tax board said the anti-avoidance measure “Principal Purpose Test (PPT)” agreed to in March last year under a bilateral protocol, would be ...

The income tax department has come out with a fresh guidance note on the applicability of the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively.

Provisions will continue to be governed by the specific clauses outlined in respective Double Taxation Avoidance Agreements ...

The Central Board of Direct Taxes (CBDT) has issued a new guidance note on the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will be applied prospectively. The ...

This stance has been made clear in a new circular by the Central Board of Direct Taxes where it has clarified the applicability of the provision of the Principal Purpose Test (PPT) that seeks to ...

has issued a “guidance” to clarify the scope and application of the tax treaty anti-avoidance Principal Purpose Test (PPT). Borne out of the global disenchantment against misuse of treaties ...

New Delhi, Jan 22 (PTI) The income tax department has come out with a fresh guidance note on applicability of Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply ...

Cyprus and Singapore will not be affected by Principal Purpose Test (PPT). PPT is part of the international tax rules aimed at preventing the misuse of tax treaties. Under the Base Erosion and ...

If the 30-day notice and reasons law is struck down, it will help the administration’s efforts to undermine civil service ...