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Income Tax Department

  • 13 Apr 2024

On 12th April 2024, India's Income Tax Department addresses concerns on amended tax treaty with Mauritius, clarifying queries are premature.

  • Income Tax Department clarifies concerns on amended India-Mauritius DTAA are premature.
  • The revised protocol is yet to be ratified and notified under the Income-tax Act, 1961.
  • Queries will be addressed once the protocol is in force.
  • FPIs sell off equities worth Rs 8,027 crore amid concerns over US Fed's stance.
  • Amended pact includes Principal Purpose Test, ensuring tax benefits only for genuine transactions.