India's CBDT clarifies PPT applicability for tax treaty benefits, grandfathering provisions for Mauritius, Singapore, and Cyprus remain unaffected. Read more.
India has made certain treaty-specific bilateral commitments in the form of grandfathering provisions in the DTAAs signed with Singapore, Mauritius and Cyprus.
For ensuring parity and uniformity In the application of the PPT provision under India’s DTAAs, it is clarified that the PPT provision is Intended to he applied prospectively. Accordingly, the PPT ...
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