<h1>India and Iceland Sign DTAA to Prevent Double Taxation, Enhance Economic Cooperation, and Boost Investment Flows.</h1> India and Iceland have signed a Double Taxation Avoidance Agreement (DTAA) to prevent double taxation and fiscal evasion on income taxes, aiming to boost economic cooperation. The agreement, signed by the finance ministers of both countries, is expected to enhance investor confidence and facilitate increased investment flows. It covers income tax in both nations, with specific provisions for dividends, interest, royalties, and technical service fees, capping source country tax rates at 10% for residents of the contracting state. The DTAA includes measures for capital gains taxation, tax credit for residents, information exchange, and revenue collection assistance, along with limitations to prevent misuse.