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“Some concerns have been raised on the India Mauritius DTAA amended recently. In this context, it is clarified that the concerns /queries are premature at the moment since the Protocol is yet to be ratified and notified u/s 90 of the Income-tax Act, 1961,” the Central Board of Direct Taxes said on ‘X.
This limitation on third-party countries will be a concern, along with the new requirement to demonstrate that tax relief is not one of the principal purposes of the investment, said experts.
Foreign investors entering India via Mauritius are set to face greater scrutiny of their investments, with the two countries inking a protocol to amend their double-taxation avoidance agreement.
A Hackney secondary school teacher struggles to drink cold water after two dentists at the same Highgate practice allegedly failed to diagnose decay.
A Hackney secondary school teacher struggles to drink cold water after two dentists at the same Highgate practice allegedly failed to diagnose decay.