Exchange of information under DTAs enables tax authorities to request foreign transactional data to verify cross-border deductions. Assessing officers should use exchange of information provisions in Double Taxation Agreements to obtain cross-border data necessary to verify ... Summary
Exchange of information under DTAs enables tax authorities to request foreign transactional data to verify cross-border deductions.
Assessing officers should use exchange of information provisions in Double Taxation Agreements to obtain cross-border data necessary to verify international transactions, ensure requests fall within the scope of the relevant Article for Exchange of Information, and forward requests through departmental channels to the Board, which will request information from the competent authority of the treaty partner.
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