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Question
Q. Consider the following countries:
Which among the above has signed the Double Taxation Avoidance Agreements or DTAA with India?
Q. Consider the following countries:
Which among the above has signed the Double Taxation Avoidance Agreements or DTAA with India?
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Solution
The correct option is D 1, 2, 3, 4 and 5
Explanation:
- Double Taxation Avoidance Agreements is a treaty signed between two countries, which, through the elimination of international double taxation, promotes the exchange of goods, services, and investment of capital between the two countries.
- India has signed the Double Taxation Avoidance Agreements or DTAA with 88 countries.
- Foreign companies that are resident in the countries that India has a DTAA with, can claim more beneficial provisions and rates between the IT Act and the DTAA.
- Recently, India and China had signed the Double Taxation Avoidance Agreement (DTAA) in 2018.
- India also reviewed its DTAA with Mauritius.
Explanation:
- Double Taxation Avoidance Agreements is a treaty signed between two countries, which, through the elimination of international double taxation, promotes the exchange of goods, services, and investment of capital between the two countries.
- India has signed the Double Taxation Avoidance Agreements or DTAA with 88 countries.
- Foreign companies that are resident in the countries that India has a DTAA with, can claim more beneficial provisions and rates between the IT Act and the DTAA.
- Recently, India and China had signed the Double Taxation Avoidance Agreement (DTAA) in 2018.
- India also reviewed its DTAA with Mauritius.
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