Question: Name the country with which Union Cabinet approved signing and ratification of Protocol for amending DTAC?
(a) Japan
(b) South Korea
(c) Vietnam
(d) Brazil
Ans (a)
Related facts:
- On 2 December 2015 The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved signing and ratification of Protocol between India and Japan for amending the Double Taxation Avoidance Convention (DTAC).
- It was signed between the two countries in 1989 for avoidance of double taxation and for prevention of fiscal evasion, through a protocol.
- The Protocol will facilitate exchange of information, as per accepted international standards, on tax matters including bank information and information without domestic tax interest.
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