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of <h1>India Implements Tax Convention to Combat Evasion, Enhance Global Cooperation, and Protect Taxpayer Rights Under 2010 Protocol Amendments</h1> The Multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed by India and amended by the 2010 protocol, aims to enhance international cooperation in tax matters to combat tax avoidance and evasion. Effective from June 1, 2012, in India, the Convention mandates administrative assistance among member states, including information exchange, tax recovery assistance, and document service. This assistance applies regardless of the residency or nationality of the individuals involved. The Convention emphasizes protecting taxpayer rights, confidentiality, and preventing discrimination and double taxation, while promoting coordinated international efforts in tax administration.
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