Government income exemption protects state-derived dividends, interest and non-commercial gains from taxation in the other treaty state. Article 22 of the India-Singapore DTAA exempts a Contracting State's Government from tax in the other State on income from sources within that other ... Summary
Government income exemption protects state-derived dividends, interest and non-commercial gains from taxation in the other treaty state.
Article 22 of the India-Singapore DTAA exempts a Contracting State's Government from tax in the other State on income from sources within that other State, including dividends, interest, and other non-commercial income or gains, and defines ''Government'' to include specified monetary authorities, statutory bodies not engaged in commercial activities, and other institutions agreed by the competent authorities.
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