Multilateral Instruments (MLI) and Its impact on India What is MLI? Multilateral instruments (MLI) stands for Multilateral convention to implement tax related measures to prevent base erosion and profit shifting. This instrument is contained in action plan 15 of BEPS Project. The MLI allows jurisdictions to swiftly
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Starting Business in India With time India has become a lucrative investment destination for carrying on businesses. The major advantage of setting up business in India are: India is one of the fastest growing economy in the world. As per the International Monetary Fund (IMF), India is
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Rates of tax for Non-residents in case of No PAN Section 206AA Section 206AA is a non-obstante clause which provides the consequence of non-availability PAN. Sub section (1) of the section provides that where the PAN of payee including non-residents and foreign companies are not furnished or
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