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2012 May 30   13:39

India inks protocol with Netherlands to alter double tax avoidance pact

With India and the Netherlands inking a protocol to amend Article 26 of the double tax avoidance convention (DTAC) relating to exchange of information, India can henceforth seek banking-related information from that country for tax administration purposes, Daily Shipping News reports.
 
The protocol will also enable use of information for non-tax purposes, if allowed under the domestic laws of both countries, after getting the supplying state’s approval.

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