<h1>India-Japan Double Taxation Protocol Enhances Tax Transparency, Cooperation, and Exempts Government Debt Interest Income.</h1> A protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Japan has come into force, enhancing transparency and cooperation. Signed on December 11, 2015, and effective from October 29, 2016, the protocol introduces standards for exchanging tax information, including bank data, and allows sharing with law enforcement under specific conditions. It exempts interest income on government-insured debt claims from source country taxation and includes a new article on tax collection assistance. The original DTAC was signed on March 7, 1989, and amended on February 24, 2006.