Question: On 27 January 2016, the Government of India has signed a Protocol to amend the existing Double Taxation Avoidance Convention with which of the following countries?
(a) Armenia
(b) Albania
(c) Romania
(d) Colombia
Ans (a)
Related facts:
- On 27 January 2016, A Protocol to amend the existing Double Taxation Avoidance Convention was signed by the Government of India and the Government of Armenia.
- The Protocol amends the Double Taxation Avoidance Convention between India and Armenia that has been in existence since 9th September, 2004.
- The Protocol amends the Article on Exchange of Information for tax purposes to bring it in line with the updated provisions in the OECD Model.
- The Protocol will enable the two countries to exchange information related to financial and banking transactions under the Double Taxation Avoidance Convention.
- It is also expected to further strengthen the efforts of Government of India in curbing generation of black money.
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