💨 Abstract
The Central Board of Direct Taxes (CBDT) in India has issued a circular to offer guidance on the Principal Purpose Test (PPT) provision under Double Taxation Avoidance Agreements (DTAAs). The circular clarifies that it specifically addresses the PPT provision in Indian DTAAs and is intended to prevent tax treaty abuse by ensuring tax treaties are not used for artificial or contrived arrangements without genuine economic substance.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
Mangaluru police bust biggest-ever drug cartel in state, arrest two South African nationals
Warm days to continue, Mumbai sizzles at 36 degrees Celsius
Delhi BJP to undergo organisational restructuring
Grenade-like object hurled at residence of YouTuber in Jalandhar
Ensure no sewage water discharged in Yamuna: Haryana CM to deputy commissioners
AR Rahman was discharged after routine check-up: Apollo Hospital
UK: World Sindhi Congress stage protest against Pakistan govt amid Sindh canal issue
"They took all my lines out": Jenna Ortega shares her experience working with MCU in Iron Man 3
Immigration Bill: Seven-year jail term for using forged passport
2 workers found dead at oil mill in MP's Betul; cops launch probe
Powered by MessengerX.io