<h1>India and China Update Tax Agreement to Prevent Double Taxation, Enhance Compliance, and Align with BEPS Standards.</h1> The Union Cabinet, led by the Prime Minister of India, has approved the signing and ratification of a protocol amending the tax agreement between India and China. This amendment aims to prevent double taxation and fiscal evasion concerning income taxes. The protocol updates provisions for information exchange to align with international standards and incorporates changes to implement minimum standards from the Base Erosion and Profit Shifting (BEPS) Project. These changes reflect mutual agreements between India and China to enhance tax cooperation and compliance.