India and Kazakhstan
- Have signed a protocol to amend the DTAC (Double Taxation Avoidance Convention)
- The earlier treaty was signed between both the countries in 1996 for the avoidance of double taxation
- The features of the protocol are
- It provides for effective exchange of tax information
- Such tax information received can be shared with other enforcing agencies in India with authorization of competent authorities in Kazakhstan
- The protocol provides for Limitations of Benefits article
- There are provisions to facilitate relieving of economic double taxation in transfer pricing cases
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National Book Trust will be celebrating its 60 years of foundation this year
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Advance Estimates
- GDP will likely grow at the rate of 7.1%
- Real GVA, i.e, GVA at basic constant prices (2011-12) will grow at 7.0%
- Agriculture, forestry and fishing likely to grow at 4.1%
- Manufacturing likely to grow at 7.4%
- The per capita income in real terms (at 2011-12 prices) during 2016-17 is likely to attain a level of Rs 81805
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