https://www.taxtmi.com/news?id=16885 The revised DTAA replaces the prior treaty and introduces source-based taxation of capital gains on alienation of shares with a grandfathering clause for investments made before 1 April 2017. It expands the definition of permanent establishment, reduces the withholding rate on royalties to align with domestic law, updates treaty text to international standards, and provides for mutual assistance in tax collection and enhanced exchange of information including banking information subject to competent authority approval. en-us Sat, 19 Nov 2016 10:39:00 +0530 Sat, 19 Nov 2016 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16885 The revised DTAA replaces the prior treaty and introduces source-based taxation of capital gains on alienation of shares with a grandfathering clause for investments made before 1 April 2017. It expands the definition of permanent establishment, reduces the withholding rate on royalties to align with domestic law, updates treaty text to international standards, and provides for mutual assistance in tax collection and enhanced exchange of information including banking information subject to competent authority approval. News - Sat, 19 Nov 2016 10:39:00 +0530 https://www.taxtmi.com/news?id=16885