TaxTMI 
TaxTMI 
Protocol amending the Convention between India and Turkmenistan for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital
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....rotocol amending the Convention between India and Turkmenistan for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital <br>News and Press R....
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....elease<br>Dated:- 6-11-2015<br><BR>The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval for amending the Double Taxation Avoidance Convention (DTAC) signed betwee....
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....n India and Turkmenistan in 1997 for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income and on capital, through a Protocol. The Protocol provide....
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....s for internationally accepted standards for effective exchange of information on tax matters including bank information and information without domestic tax interest. It is further provided that the ....
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....information received from Turkmenistan in respect of a resident of India can be shared with other law enforcement agencies with authorisation of the Competent Authority of Turkmenistan and vice versa.....
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.... The Protocol further provides for 'Limitation of Benefits' Article as an anti-abuse provision aimed at preventing misuse of the Convention. The provisions of this Article enable use of the p....
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....rovisions of domestic law and measures concerning tax avoidance or evasion in the event of misuse of the Convention.<BR> News - Press release - PIB....