It further stated that “the 3rd protocol signed on December 30, 2016 entered into force on February 27, 2017 and its provisions shall take effect from February 27, 2017 except for Articles 2, 3 and 4 which shall take effect from 1 April 2017.”
India had in May last year signed a revised tax treaty with Mauritius, triggering a change in the Double Taxation Avoidance Agreement (DTAA) with Singapore.
Mauritius and Singapore are among the top sources of foreign direct investments into India and also account for a big chunk of total inflows into the country’s capital markets.
