<h1>India and Singapore Amend DTAA for Source-Based Taxation on Capital Gains; Includes Grandfathering and Transition Period Provisions.</h1> India and Singapore have signed a Third Protocol amending their Double Taxation Avoidance Agreement (DTAA) to implement source-based taxation on capital gains from shares, effective April 1, 2017. This aligns with India's policy to curb revenue loss and black money. Investments made before this date are grandfathered, with a transition period taxing gains at half the normal rate until March 31, 2019, subject to conditions. The Protocol also facilitates economic double taxation relief in transfer pricing cases, aligning with India's Base Erosion and Profit Shifting commitments. Additionally, it supports automatic exchange of financial information with Switzerland starting September 2019.