News & Media 23rd Jan 2025
The Union government has clarified that grandfathered investments under the India-Mauritius, India-Singapore and India-Cyprus Double Taxation Avoidance Agreements would not be subject to greater scrutiny under the principal purpose test. The government’s clarification aims to end the ambiguity over whether past investments will be covered under the amended protocol that includes the PPT clause
Varun Gakhar from NDTV Profit writes on, “India Exempts Grandfathered Investments Under Key Tax Treaties from Greater Scrutiny” with expert comments from Rahul Charkha.
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