https://www.taxtmi.com/news?id=16555 The Protocol shifts capital gains on shares of Indian resident companies to source-based taxation for acquisitions after 1 April 2017 while grandfathering prior investments; it phases in full domestic taxation after a transition period during which a reduced treaty rate applies subject to a Limitation of Benefits test that includes main purpose and bonafide business requirements and a shell/conduit expenditure threshold. It also imposes withholding on interest to Mauritian banks for post-cutoff debt claims, updates exchange-of-information standards and provides assistance in collection and other measures to prevent treaty abuse and improve tax transparency. en-us Mon, 29 Aug 2016 18:01:09 +0530 Mon, 29 Aug 2016 18:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16555 The Protocol shifts capital gains on shares of Indian resident companies to source-based taxation for acquisitions after 1 April 2017 while grandfathering prior investments; it phases in full domestic taxation after a transition period during which a reduced treaty rate applies subject to a Limitation of Benefits test that includes main purpose and bonafide business requirements and a shell/conduit expenditure threshold. It also imposes withholding on interest to Mauritian banks for post-cutoff debt claims, updates exchange-of-information standards and provides assistance in collection and other measures to prevent treaty abuse and improve tax transparency. News - Mon, 29 Aug 2016 18:01:09 +0530 https://www.taxtmi.com/news?id=16555