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of <h1>India-Malaysia Agreement Prevents Double Taxation, Ensures Fair Tax Treatment on Income, Effective Since December 2012.</h1> The Agreement between India and Malaysia aims to prevent double taxation and fiscal evasion concerning income taxes. Signed on May 9, 2012, and effective from December 26, 2012, it covers income taxes in both countries, including Indian income tax and Malaysian income and petroleum taxes. The Agreement outlines the taxation of various income types, such as business profits, dividends, interest, and royalties, and provides mechanisms for eliminating double taxation. It includes provisions for exchange of information, mutual agreement procedures, and non-discrimination, ensuring equitable tax treatment for residents of both countries. The Agreement replaces the previous 2001 treaty.
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