India Tightens Tax Rules on Investments from Mauritius

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India has amended its tax treaty with Mauritius to impose stricter regulations on capital gains. The new rules will remove certain tax exemptions for investments originating from Mauritius. This change aims to prevent the potential misuse of the treaty for tax avoidance purposes. The revised agreement is expected to take effect starting April 1, 2024, according to a report by The Economic Times.

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