WebApr 5, 2024 · The issue before the court was whether gains arising from the transaction from sale of shares would be liable to tax in India having regard to provision of Article 13(4) of … WebMay 11, 2016 · WHAT’S IN IT FOR MARKETS Taxation of capital gains on shares: Under Article 13 (4) of the India-Mauritius DTAA, capital gains derived by a Mauritius resident from alienation of shares of a company resident in India were taxable in Mauritius alone.However, the Protocol marks a shift from residence-based taxation to source …
Significance of Residency Status & DTAA Benefits: …
WebJul 22, 2024 · So accordingly, India and Mauritius signed a DTAA due to which capital gain arose as a result of the transfer of shares of an Indian company in Mauritius will liable to be taxed only in Mauritius and not in India. Tiger Global, after calculating all aftermath, applied for the exemption of tax on the capital gains under Article 13(4) of India ... WebJun 21, 2024 · The Authority for Advance Ruling, New Delhi (AAR), in its order dated 26 March 2024 in Re Tiger Global International II Holdings, Mauritius denied the benefits claimed by the applicants under the India-Mauritius Double Tax Avoidance Agreement (DTAA) on the ground that the investment in question was structured strategically for the … mykl trading inc
Tax Avoidance under India-Mauritius Treaty: Shift ... - IndiaCorpLaw
WebFeb 24, 2024 · India’s Mauritius DTAA was amended in 2016 to plug this loophole. Limitation of Benefits (LoB) clause was also inserted to limit benefits under the DTAA to … WebMay 12, 2016 · The DTAA was a major reason for a large number of foreign portfolio investors (FPI) and foreign entities to route their investments in India through Mauritius. … WebJun 27, 2012 · Double Taxation Avoidance Agreement and Foreign tax credit. According to Article 25 of the DTAA, the US shall allow its residents or citizens to claim a tax credit in the US on income tax paid to India. … myk men collection