<h1>India-Seychelles Agreement Approved: Boosts Tax Info Exchange to Combat Evasion and Avoidance, Ensures Confidentiality and Cooperation.</h1> The Union Cabinet of India, led by the Prime Minister, approved an agreement with Seychelles for exchanging tax-related information to combat tax evasion and avoidance. This agreement allows authorities in both countries to share relevant tax information while maintaining confidentiality. It includes a Mutual Agreement Procedure for resolving differences and will be effective upon completion of legal procedures in both nations. The agreement entails no financial implications unless extraordinary costs exceed USD 500, which India will cover. Similar agreements exist between India and several other countries to prevent tax evasion.