Guidance does not affect application of other treaty provisions or anti-abuse rules
The Central Board of Direct Taxes (CBDT) on March 15, 2025, issued a press release clarifying that the circular it issued in January 2025, providing that the grandfathering provisions in Indian income tax treaties are excluded from the scope of the principal purpose test (PPT) (read TaxNewsFlash), is not intended to affect the application of:
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