TaxTMI 
TaxTMI 
TaxTMI 
Income Tax Overseas Units.
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....ncome Tax Overseas Units. <br>News and Press Release<br>Dated:- 5-9-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 05-September-2012 18:25 IST Income Tax Overseas Uni....
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....ts Income-tax Overseas Units (ITOUs) manned by tax officers at the level of First Secretary have been established in Mauritius and Singapore. Further, posting orders in respect of officers to be post....
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....ed to newly created ITOUs in Indian missions at Cyprus, France, Germany, Japan, Netherlands, UAE, UK and USA have been issued. The relieving of these 8 officers to join their respective ITOU is pendin....
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....g for finalization of terms & conditions of their posting by Ministry of External Affairs. ITOUs in Mauritius and Singapore facilitate and expedite the exchange of information process under Double Ta....
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....xation Avoidance Agreements (DTAA) with these countries. However, the information received cannot be disclosed as it is governed by the confidentiality clause of the respective DTAA with these countri....
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....es. Inter-departmental consultations are going on to examine the need for setting up more such units in other countries. This information was given by the Minister of State for Finance, Shri S.S. Pl....
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....animanickam in written reply to a question in Lok Sabha today. * * * DSM/RS/Hb<BR> News - Press release - PIB....