Question

Q. Consider the following countries:

Which among the above has signed the Double Taxation Avoidance Agreements or DTAA with India?

• A. 2, 3 and 4 only
• B. 2, 3, 4 and 5 only
• C. 1, 2, 4 and 5 only
• D. 1, 2, 3, 4 and 5

Answer 1

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.