8 new overseas Income Tax (IT) Units in Indian Missions abroad to be set-up under the Double Taxation Avoidance Agreement
It is proposed to create 8 new overseas Income Tax (IT) Units in Indian Missions abroad to have effective exchange of information on tax matters under the Double Taxation Avoidance Agreement (DTAA).
Two overseas income tax units at the Indian missions in Mauritius and Singapore have been already set-up. Eight more such units in USA,UK, Netherlands, Japan, Cyprus, Germany, France and UAE are also being proposed to be set-up on similar lines. The two units established at Mauritius and Singapore have started functioning only from May/June,2010.
This information was given by Minister of State for Finance, Shri S.S.Palanimanickam in a written reply to an Unstarred Question in Rajya Sabha today.
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