The new provisions in the treaty include a principle purpose test, which will be used to judge whether tax benefits under the treaty will apply to investments or not, according to the text of the treaty released by India s foreign ministry.
A revised tax treaty between India and Mauritius will come into effect only once the two countries sign the agreement and will not be applied retrospectively, news channel CNBC-TV18 reported on. -April 12, 2024 at 11:57 am EDT
- MarketScreener
In 2018, the Securities and Exchange Board of India (SEBI) made it mandatory for investors to open a dematerialized (demat) account for trading in the stock market.