<h1>India and Maldives Sign Agreement to Prevent Double Taxation on International Air Transport Profits.</h1> India and Maldives have agreed to avoid double taxation on income from international air transport. The agreement, approved by India's Union Cabinet, exempts airline enterprises of both countries from being taxed twice on profits from international aircraft operations. Taxing rights are granted to the country where the airline enterprise is based, ensuring tax certainty for these enterprises. Additionally, a Mutual Agreement Procedure is included to address any interpretation or application issues of the agreement.