Press Note dated May 10, 2016
India and Mauritius have entered into a limited revision in the tax treaty (“DTAA”) vide entering a protocol dated May 10, 2016. As a result India shall now be eligible to tax interest payable to banks residents in Mauritius and capital gains arising out of sale of shares held in Indian Companies by person resident in Mauritius, acquired on or after April 1, 2017.
Further ReadingPosted on: 19-05-2016