<h1>India Updates Tax Treaty with Turkmenistan: New Protocol Enhances Information Exchange and Limits Treaty Abuse.</h1> The Union Cabinet of India has approved a protocol amending the Double Taxation Avoidance Convention (DTAC) with Turkmenistan, initially signed in 1997. This protocol aims to prevent double taxation and fiscal evasion concerning income and capital taxes. It introduces internationally accepted standards for the exchange of tax-related information, including bank details, even if there is no domestic tax interest. The protocol also allows sharing such information with law enforcement agencies, subject to authorization. Additionally, it includes a 'Limitation of Benefits' article to prevent the misuse of the convention, allowing the application of domestic laws against tax avoidance or evasion.