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December 2015

India’s Double taxation Avoidance Ag reements [DTAAs] & Ag reements for Exchange of information [AEIs] – Recent Developments

By Mayur Nayak
Tarunkumar G. Singhal
Anil D. Doshi Chartered Accountants
Reading Time 1 mins
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In the last 3 years since our last Article on the subject published in
the December, 2012 issue of BCAJ, India has signed DTAAs with 8
countries and has entered into revised DTAAs with 4 countries. India has
also amended few DTAAs by signing Protocols amending the existing
DTAAs. In this Article, our intention is to highlight the salient
features of such DTAAs or Protocols amending the DTAAs. The purpose is
not to deal with such DTAAs or Protocols extensively or exhaustively. It
will be seen that the recent treaties/protocols follow more or less a
similar pattern.

Further, the DTAAs with certain countries have
been modified primarily to include ‘Limitation of Benefits (LOB)
Clause’. Further, Articles on ‘Exchange of Information’ and ‘Assistance
in Collection of Taxes’ have been included or the scope of such existing
Articles has been extended.

The reader is advised to refer the text of the relevant DTAA or the Protocol while dealing with facts of a particular case.

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