<h1>India and Myanmar Sign Double Taxation Avoidance Agreement to Boost Economic Cooperation and Prevent Fiscal Evasion.</h1> India and Myanmar have signed a Double Taxation Avoidance Agreement (DTAA) to prevent double taxation and fiscal evasion on income taxes. Signed on April 2, the agreement covers income and profit taxes in both countries. It stipulates that business profits are taxable in the source state if a permanent establishment exists, with specific rules for construction projects and international shipping or aviation operations. Dividends, interest, and royalties will be taxed in both countries, with capped rates in the source country. The agreement also includes information exchange and anti-abuse provisions, aiming to enhance economic cooperation and investment flow between the two nations.