Application of avoidance of double taxation agreement in case of Global Depositary Receipts

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ouble taxation agreement in case of Global Depositary Receipts. 10.   (1) During the period of fiduciary ownership of shares in the hands of the Overseas Depositary Bank, the provisions of Avoid­ance of Double Taxation Agreement entered into by the Government of India with the country of residence of the Overseas Depositary Bank will be applicable in the matter of taxation of inco....