Exchange of information under Double Tax Avoidance Agreement.

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....o obtain reliable information regarding international transactions. The non-residents often claim deductions for expenses incurred outside India, the validity of which needs to be examined. They may also carry on significant transactions with affiliated persons or entities located abroad. The reliability of figures reported for such transactions needs verification particularly due to the case with....

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....ference to the underlined words in the agreements is intended to focus attention on the importance of exchange of information that would assist the contracting states in combating tax evasion or fraud. 3.It is seen that in spite of having provisions for exchange of information in our DTA Agreements we have not made any effective use thereof. This is mainly due to the reason that the board have ....