December 30, 2016
India today signed a pact with Singapore to amend a decade old treaty to begin taxing capital gains on investments routed through the South East Asian nation from April next to check round-tripping of funds, after rolling back similar benefits to Mauritius and Cyprus.
India had in May this year signed a revised tax treaty with Mauritius, triggering a change in the Double Taxation Avoidance Agreement (DTAA) with Singapore.