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IBS Consultants Corporate Legal - India's Fight against Black Money goes International
https://www.storeboard.com/blogs/business/ibs-consultants-corporate-legal-india’s-fight-against-black-money-goes-international/789349
Recently India & Singapore have amended a decade old double tax avoidance agreement (DTAA) to allow the income tax department to impose tax on capital gains (tax) on investments routed through island nation & avert misuse of benefits.