January 10, 2013 9:12 AM

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India Mauritius meet to review bilateral Double Taxation Avoidance Convention

India and Mauritius will meet next month in New Delhi to review the bilateral Double Taxation Avoidance Convention, DTAC which seeks to prevent misuse of the provisions of the near three-decade old treaty. During his meeting with Mauritius Prime Minister Navinchandra Ramgoolam at Port Louis, Commerce and Industry Minister Anand Sharma expressed hope the two nations will be able to move forward on the issue at the Joint Working Group, JWG meeting. An official release said, India is likely to press for changes in the treaty so that information regarding source based taxation of capital gains could be shared between the tax authorities. India will also pitch for incorporating benefit limitation clauses in the agreement with a view to prevent the misuse of the treaty. The JWG comprising members from the two sides was constituted in 2006 to put in place adequate safeguards to prevent misuse of the DTAC.

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