CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India and which country has signed a Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between the two countries
A
Portugal
B
Uruguay
C
Kazakhstan
D
Argentina
Explanation: 

Detailed explanation-1: -The existing Double Taxation Avoidance Convention between India and Japan was signed on 7th March, 1989 and was notified on 1st March 1990. The DTAC was subsequently amended on 24th February, 2006.

Detailed explanation-2: -What is Double Taxation Avoidance Agreement (DTAA)? The Double Taxation Avoidance Agreement or DTAA is a tax treaty signed between India and another country ( or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country.

Detailed explanation-3: -The 1993 UK-India Double Taxation Convention has been modified by the Multilateral Instrument ( MLI ). The modifications made by the MLI are effective in respect of the 1993 UK-India Double Taxation Convention.

There is 1 question to complete.