<h1>India and Australia Update DTAA to Enhance Tax Info Exchange, Revenue Collection, and Non-Discrimination.</h1> The Protocol amending the India-Australia Double Taxation Avoidance Agreement (DTAA) was signed to enhance the exchange of tax information between the two nations. It updates the Exchange of Information Article to meet international standards, allowing for the sharing of bank information and cooperation with law enforcement agencies. The agreement also introduces assistance in revenue collection and ensures non-discrimination between nationals of both countries. Additionally, it establishes a threshold for determining permanent establishments to facilitate cross-border capital and service movement, aligning with international practices. This amendment aims to strengthen mutual cooperation in tax matters.