India Tightens Tax Treaty Rules with Mauritius to Curb Revenue Loss

India has amended its tax treaty with Mauritius to prevent the misuse of the agreement for tax evasion. The new rules impose stricter criteria for companies claiming tax benefits on investments routed through Mauritius. This move aims to curb practices that allow investors to avoid paying capital gains tax in India. The changes are part of a broader effort to protect India's tax base and ensure treaty benefits are used for genuine investments.