<h1>India and Colombia Sign DTAA to Prevent Double Taxation, Foster Economic Cooperation, and Enhance Investment Opportunities.</h1> India and the Republic of Colombia have signed a Double Taxation Avoidance Agreement (DTAA) to prevent double taxation and fiscal evasion concerning income taxes. The agreement stipulates that business profits will be taxed in the source country if a permanent establishment exists there, such as a branch or factory. Construction projects lasting over six months will also be taxed in the source country. Income from international shipping or aircraft operations will be taxed in the enterprise's resident country. Dividends, interest, and royalties will be taxed in both countries, with capped rates. The agreement includes provisions for information exchange and tax collection assistance, promoting economic cooperation and investment between the two nations.