Thu, Mar 23, 2017
The Finance Ministry on Thursday has notified the amended India-Singapore tax treaty under which capital gains tax will be levied at source of investments with effect from April 1.
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Sat, Dec 31, 2016
In order to curb black money being routed by companies through their investments, the Government of India amended its tax treaties with several countries in 2016.
India will start imposing capital gains tax on investments coming from Singapore from April and fully withdraw exemptions in two years as the two countries agreed to amend a decade-old treaty after New Delhi rolled back similar concessions to Mauritius and Cyprus earlier this year.
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