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of <h1>India-Singapore Pact Prevents Double Taxation, Evasion on Income Taxes; Covers Business Profits, Dividends, and More.</h1> The agreement between the governments of India and Singapore aims to prevent double taxation and fiscal evasion concerning income taxes. It applies to residents of either or both countries and covers various taxes, including income tax and surtax in India and income tax in Singapore. The agreement defines key terms such as 'permanent establishment' and outlines the taxation of different income types, including business profits, dividends, interest, and royalties. It also provides guidelines for resolving disputes and exchanging information between the countries. The agreement was ratified and came into effect following the exchange of ratification instruments.
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