Income-Tax Act, 1961: Communication by Section 90: Agreement between the Government of the Republic of India and the Government of the Republic of Singapore to avoid double taxation and the prevention of income tax evasion This article contains a brief analysis of the circumvention of the Double Taxation Convention (DBA) between Singapore and India. Keep in mind that the information provided is only used to provide general advice and is not intended to replace professional advice. A DBA between Singapore and another jurisdiction is intended to avoid double taxation of income collected by a resident of the other jurisdiction in a jurisdiction. A DBA also highlights tax duties between Singapore and its contractor on different types of income from cross-border economic activities between the two jurisdictions. The agreements also provide for a reduction or exemption from tax on certain types of income. d. the concept of “company”: any entity or entity that is considered an entity or entity under the tax legislation in force in the relevant contracting states; (d) if he is a national of either state or one, the competent authorities of the contracting states resolve the matter by mutual agreement. In order to conclude an agreement to avoid double taxation and prevent income tax evasion. The Double Taxation Avoidance Agreement (DBA) between India and Singapore is a tax treaty between two countries to avoid double taxation of income that can flow between the two countries. If Singapore and India do not have a DBA in force, the company`s profits could be taxed in both Singapore and India. In such a case, the profits of the establishment would bear twice the tax burden. This underlines the importance of the DBA and how it avoids double taxation of corporate profits.
2. The agreement also applies to all identical or essentially similar taxes levied by one of the contracting parties after the date of the signing of this agreement, in addition to the taxes covered in or in place of paragraph 1. The competent authorities of the contracting states inform each other of any substantial changes to their respective tax laws. There is a very beneficial consequence of these changes for Indians who want to invest businesses in Singapore. In the absence of Singapore capital gains tax, capital gains resulting from the sale of shares of a Singapore company by an Indian resident are not taxed.
