Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


India, Mauritius sign protocol to amend tax treaty

Category : International
Published on: April 17 2024 Share on facebook

  • India has signed a protocol amending the Double Taxation Avoidance Agreement (DTAA) with Mauritius to prevent misuse of the treaty for tax evasion or avoidance.
  • The amended agreement includes what is called the principal purpose test (PPT), which essentially stipulates that tax benefits under the treaty will not apply if it is established that obtaining a duty benefit is a reason for any transaction. Was the main objective or system.
  • The new protocol on DTAA was signed on March 7 this year. The latest amendment includes a Principal Purpose Test (PPT) to decide whether a foreign investor is genuinely eligible for treaty benefits, or whether the primary reason for routing the investment through Mauritius was tax benefits.
Recent Post's
  • The Indian Air Force has tested the BHISHM Cube, an advanced mobile hospital, for airdrop in Agra.

    Read More....
  • PhonePe has partnered with LankaPay to enable UPI payment acceptance in Sri Lanka, following the launch of UPI in Sri Lanka and Mauritius in February attended by Prime Minister Narendra Modi.

    Read More....
  • Neeraj Chopra wins gold in men's javelin throw at the Federation Cup 2024 in Bhubaneswar with a leading throw of 82.27m.

    Read More....
  • Moody's Ratings has projected a 6.6% growth rate for the Indian economy in FY25.

    Read More....
  • India and Iran signed a 10-year long-term bilateral contract for the operation of Chabahar Port, enhancing India's trade routes to Central Asia and Europe.

    Read More....
  • Indian men's football team captain Sunil Chhetri has announced his retirement from international football, with his last match being against Kuwait on June 6.

    Read More....
  • P Shyaamnikhil became India's 85th Grandmaster by completing his third and final GM norm.

    Read More....
  • Deepika Padukone is the first Indian to be featured in Deadline's Global Disruptors List 2024 for her contributions to the entertainment industry.

    Read More....
  • The summer of 2023 was the hottest in 2,000 years, according to a study published in Nature.

    Read More....
  • The International Day of Living Together in Peace, observed on May 16th annually, promotes peace, tolerance, inclusion, understanding, and solidarity as declared by the UN General Assembly.

    Read More....