https://www.taxtmi.com/acts?id=45217 Members of diplomatic missions and consular posts retain their fiscal privileges under international law or special agreements. The MLI supersedes specified treaty provisions by imposing a Simplified Limitation on Benefits test requiring residents to be "qualified persons"-defined by individual status, state or agency status, regularly traded shares, certain non profit and pension arrangements, or ownership by qualified persons-and by providing an active conduct of business exception, ownership based gateways, competent authority discretion, and detailed definitions for stock exchange, principal class of shares, equivalent beneficiary and connected persons. en-us Thu, 17 Oct 2024 17:30:17 +0530 Tue, 22 Oct 2024 16:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45217 Members of diplomatic missions and consular posts retain their fiscal privileges under international law or special agreements. The MLI supersedes specified treaty provisions by imposing a Simplified Limitation on Benefits test requiring residents to be "qualified persons"-defined by individual status, state or agency status, regularly traded shares, certain non profit and pension arrangements, or ownership by qualified persons-and by providing an active conduct of business exception, ownership based gateways, competent authority discretion, and detailed definitions for stock exchange, principal class of shares, equivalent beneficiary and connected persons. Act-Rules DTAA Thu, 17 Oct 2024 17:30:17 +0530 https://www.taxtmi.com/acts?id=45217