Central Government notifies that the provisions of Mutual Agreement through exchange of letters, shall be given effect to in the Union of India with effect from 29th April, 2018 - 32/2018 - Income Tax
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Tax exemption on interest income for designated governmental financial institutions under India Qatar DTAA effective from 29 April 2018. The Central Government has notified that a mutual agreement reached by exchange of letters under the India Qatar DTAA implements clause (ii) of paragraph 3 concerning interest, granting tax exemption on interest income derived and beneficially owned by specified governmental financial institutions; the exemption attaches to the listed institutions (India: Export Import Bank of India, Life Insurance Corporation of India; Qatar: Qatar Investment Authority, Qatar Holding LLC) and is effective from 29th April, 2018.
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Tax exemption on interest income for designated governmental financial institutions under India Qatar DTAA effective from 29 April 2018.
The Central Government has notified that a mutual agreement reached by exchange of letters under the India Qatar DTAA implements clause (ii) of paragraph 3 concerning interest, granting tax exemption on interest income derived and beneficially owned by specified governmental financial institutions; the exemption attaches to the listed institutions (India: Export Import Bank of India, Life Insurance Corporation of India; Qatar: Qatar Investment Authority, Qatar Holding LLC) and is effective from 29th April, 2018.
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