Double Taxation Agreement - India-Sweden Convention For Avoidable Of Double Taxation And Prevention Of Fiscal Evasion - Suspension Of Collection Of Taxes During Mutual Agreement Procedure (Map)

Double Taxation Agreement - India-Sweden Convention For Avoidable Of Double Taxation And Prevention Of Fiscal Evasion - Suspension Of Collection Of Taxes During Mutual Agreement Procedure (Map) https://www.taxtmi.com/circulars?id=55621 A bilateral MoU permits suspension of enforcement of outstanding tax demands during MAP on confirmation of pendency and subject to the taxpayer furnishing an irrevocable bank guarantee covering disputed tax and interest. The Assessing Officer shall keep collection in abeyance for an initial two year period, extendable by mutual agreement of the Competent Authorities up to an aggregate cap, and may resume recovery or invoke the bank guarantee only after receiving appropriate notification regarding MAP resolution or expiry of authorised suspension. en-us Wed, 04 Jan 2017 00:00:00 +0530 Mon, 09 Jan 2017 10:50:00 +0530 TaxTMI RSS Generator Double Taxation Agreement - India-Sweden Convention For Avoidable Of Double Taxation And Prevention Of Fiscal Evasion - Suspension Of Collection Of Taxes During Mutual Agreement Procedure (Map) https://www.taxtmi.com/circulars?id=55621 A bilateral MoU permits suspension of enforcement of outstanding tax demands during MAP on confirmation of pendency and subject to the taxpayer furnishing an irrevocable bank guarantee covering disputed tax and interest. The Assessing Officer shall keep collection in abeyance for an initial two year period, extendable by mutual agreement of the Competent Authorities up to an aggregate cap, and may resume recovery or invoke the bank guarantee only after receiving appropriate notification regarding MAP resolution or expiry of authorised suspension. Circulars Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55621