Union Cabinet approved revised Double Taxation Avoidance Agreement (DTAA) for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income with a nation. Name the nation.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Brazil
B	Switzerland
C	Finland
D	Cyprus

Explanation:

Detailed explanation-1: -Double Taxation Avoidance Agreement (DTAA) is an arrangement between India and another country. It aims to ensure that taxpayers don’t pay double taxes on the income earned from the home country and the host country. Without a DTAA, you could end up paying tax twice for the same income.

Detailed explanation-2: -India has signed double tax avoidance agreements (DTAAs) with a majority of the countries and limited agreements with eight countries.

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