"Negotiations have been going on. Talks with Mauritius have been an ongoing feature. There are several issues which have been sorted out. There are some issues which still are being discussed...positive talks are going on," said Department of Revenue Joint Secretary Akhilesh Ranjan.
Right to levy capital gains tax by India is also part discussions, he said, adding it would be difficult to share specific details of ongoing negotiation.
"Host of issues are being discussed including way and means of ensuring tax treaties are used for tax avoidance," he said.
The government is in the process of revising the Double Taxation Avoidance Agreement (DTAA) with Mauritius.

Tax treaty amendments, hanging in balance for many years, are aimed at addressing India's concerns over the island nation being allegedly used to route illicit funds into the country.


Latest News  from Business News Desk