<h1>India Joins Multilateral Tax Convention to Boost International Cooperation and Combat Tax Evasion with 31 Other Countries.</h1> India has signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters, joining 31 other countries to enhance international tax cooperation. The Convention, originally for OECD and Council of Europe members, was amended in 2010 to include all countries, aiming to combat tax avoidance and evasion. It facilitates transparency, information exchange, and tax recovery assistance, allowing simultaneous tax examinations and participation across borders. The agreement supports automatic and spontaneous information exchange, document service, and use of tax information for countering money laundering. This initiative is expected to attract more signatories, broadening the network of tax cooperation.