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<h1>India and Bermuda Sign Tax Information Exchange Agreement to Boost Compliance and Enforcement</h1> An agreement between the Government of India and Bermuda, authorized by the UK, was signed on October 7, 2010, to facilitate the exchange of tax-related information. The agreement became effective on November 3, 2010, and applies to criminal tax matters immediately and to other tax matters from that date for taxable periods. It mandates cooperation in exchanging information relevant to tax administration and enforcement, covering taxes imposed by both countries. The agreement outlines procedures for information exchange, confidentiality, and costs, and includes provisions for mutual agreement and termination. The agreement aims to enhance tax compliance and enforcement between the two jurisdictions.