Notification under section 90 of the Income tax Act 1961

Last updated: 03 November 2023

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The Ministry of Finance has issued a notification under Section 90 of the Income Tax Act, 1961. This notification brings into effect an agreement signed between India and Saint Vincent and the Grenadines for the exchange of tax information and assistance in tax collection. The agreement, signed on May 19, 2022, officially entered into force on February 14, 2023, and its provisions will now apply in India.

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st November, 2023 (Income- Tax) S.O. 4756(E).Whereas, an Agreement between the Government of the Republic of India and the Government of Saint Vincent and the Grenadines for the Exchange of Information and Assistance in

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FAQ :

The notification brings into effect an agreement between India and Saint Vincent and the Grenadines for the exchange of tax information and assistance in tax collection.

This notification is issued under sub-section (1) of section 90 of the Income-tax Act, 1961.

The agreement was signed on the 19th day of May, 2022.

The agreement entered into force on the 14th day of February, 2023.

The agreement allows for the exchange of information and assistance in the collection of taxes between the two countries.