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of <h1>India-Qatar Agreement on Double Taxation Avoidance Now Effective; Tax Exemptions for Key Financial Institutions Announced.</h1> The Central Government of India has officially notified that, effective from April 29, 2018, the provisions of a mutual agreement with Qatar, established through an exchange of letters, will be implemented. This agreement pertains to the avoidance of double taxation and the prevention of fiscal evasion concerning income taxes between India and Qatar. Specifically, it grants tax exemption on interest income for certain governmental financial institutions: the Export Import Bank of India and Life Insurance Corporation of India for India, and the Qatar Investment Authority and Qatar Holding LLC for Qatar. The mutual agreement was reached on April 29, 2018.
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