India & Singapore Sign a third protocol for amending the DTAA

Today, India and Singapore have amended the Double Taxation Avoidance Agreement (DTAA) tp avoid the double taxation and prevention of fiscal evasion with respect to taxes on income, by signing a Third Protocol. This is in line with India’s treaty policy to prevent double non-taxation, curb revenue loss and check the menace of black money through automatic exchange of information, as reflected in India’s recently revised treaties with Mauritius and Cyprus and the joint declaration signed with Switzerland.