<h1>India-Luxembourg Sign Double Taxation Avoidance Agreement to Boost Economic Ties and Prevent Fiscal Evasion.</h1> India and Luxembourg have signed a Double Taxation Avoidance Agreement (DTAA) to prevent double taxation and fiscal evasion concerning income and capital taxes. The agreement will enhance economic cooperation, covering India's income and wealth taxes and Luxembourg's income, corporation, capital, and communal trade taxes. It sets a maximum 10% tax rate on dividends, interest, royalties, and technical services fees in the source country if the recipient is a resident of the other state. Capital gains on company shares will be taxed where the company resides. The DTAA includes provisions for information exchange, revenue collection assistance, and limitations to prevent misuse.