Income Tax News: Income Tax India took to Twitter to address concerns regarding the recently amended India-Mauritius Double Taxation Avoidance Agreement (DTAA).
Income Tax India Addresses Concerns on India-Mauritius DTAA Amendment
The tweet clarified that while certain concerns and queries have been raised regarding the amendment, they are premature at this stage. This is because the Protocol pertaining to the amendment is yet to be ratified and notified under section 90 of the Income-tax Act, 1961.
The clarification emphasized that once the Protocol comes into force, queries regarding the amendment, if any, will be duly addressed wherever necessary.
The statement aims to provide clarity and assurance to stakeholders regarding the status of the India-Mauritius DTAA amendment, underscoring the importance of ratification and notification before addressing concerns raised by various parties.
The amendment to the India-Mauritius DTAA holds significance for both countries
The amendment to the India-Mauritius DTAA holds significance for both countries and has been subject to scrutiny and discussion among various stakeholders. The clarification from Income Tax India serves to reassure taxpayers and investors that their concerns will be duly addressed once the Protocol is ratified and notified. It also highlights the importance of proper legal procedures and adherence to regulatory frameworks in international agreements, ensuring transparency and clarity in tax matters between India and Mauritius. This proactive approach by Income Tax India reflects a commitment to maintaining open communication and addressing stakeholders’ concerns effectively in the context of evolving tax regulations and bilateral agreements.
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