Question: Recently the Union Cabinet has approved the signing of a Protocol amending the Agreement for avoidance of double taxation and prevention of fiscal evasion with which of the following country?
(a) Sri Lanka
(b) Belgium
(c) Australia
(d) United Kingdom
Ans:(b)
Related facts:
- On 22 June 2016 the Union Cabinet has approved the signing of a Protocol amending the Agreement between India and Belgium for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
- The amendment in the Protocol will broaden the scope of the existing framework of exchange of tax related information between the two countries.
- This will help curb tax evasion and tax avoidance.
- The Protocol will also revise the existing treaty provisions on mutual assistance in collection of taxes.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=146407