2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Zealand
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Pakistan
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Botswana
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Zambia
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Detailed explanation-1: -The Government of India and Republic of Singapore have signed the third protocol for amendment of the Double Taxation Avoidance Agreement between the two countries.
Detailed explanation-2: -The India-UK Double Taxation Avoidance Convention (DTAC) was signed in 1993 and was effective in India from January 1, 1994. A MoU on the Convention’s arbitration process was signed in 2004. Further, a Protocol to the Convention for taxes to be deducted at source was agreed and signed in 2013.
Detailed explanation-3: -Hence not covering the state’s income tax + GST + Indirect Taxes (all) in USA. (i) DTAA is offering an exemption from Double Taxation to Indian investors + USA investors (both) to invest + to allow the Foreign Tax Credit (FTC) against tax deducted + tax paid (both) in India + in USA.