<h1>India and UK Amend 1993 Tax Treaty to Enhance Partnership Taxation, Dividend Rates, and Anti-Abuse Measures.</h1> India and the UK have signed a Protocol amending their Double Taxation Avoidance Convention, originally established in 1993, to prevent fiscal evasion concerning taxes on income and capital gains. Signed on October 30, 2012, in London, the Protocol enhances provisions for partnership taxation and dividends, setting withholding tax rates at 10% or 15%. It includes measures for effective information exchange between tax authorities, incorporating international standards, and introduces anti-abuse provisions. The Protocol aims to provide tax stability, facilitate economic cooperation, and stimulate investment and service flow between the two nations.