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19.12.2016
Cyprus: ‘No More’ on India’s Tax Blacklist
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BKR International Kolkata member firm DOSHI CHATTERJEE BAGRI & CO LLP inform us that as of 14th December 2016 vide Notification No. 114/2016 issued by the Central Board of Direct Taxes, Cyprus has been declared as to be no more on India’s Tax blacklist. This is post signing of the revised Double Taxation Avoidance Agreement with Cyprus which, with effect from 1st April 2017, allows India to tax capital gains arising from the sale of shares on investments made in companies based in Cyprus.

Read the detail at: Cyprus: No More on Tax Blacklist

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