DTAA - Agreement Between India & Commonwealth of the Bahamas for the Exchange of Information with Respect to Taxes - 25/2011 - Income Tax

India-Bahamas Tax Information Exchange Agreement Effective 2011: Enhances Tax Administration, Ensures Confidentiality, Outlines Dispute Resolution and Termination.

The agreement between India and the Commonwealth of the Bahamas, signed on February 11, 2011, facilitates the exchange of tax-related information. It became effective on March 1, 2011, and applies to all taxable periods starting from the signing date. The agreement allows the exchange of information relevant to tax administration and enforcement, ensuring confidentiality and adherence to domestic laws. It covers taxes imposed by both governments and requires legislative measures for implementation. The agreement outlines procedures for information requests, confidentiality, and cost-sharing, and includes provisions for mutual agreement on disputes and potential termination after three years.