09 July 2015

Indo-Mauritius pact may lower tax on interest income from bonds

Mauritius, which serves as the gateway to Dalal Street for most foreigners, will be back in news soon. India and the tax haven are believed to be close to finalising a revised tax treaty that would lower tax on interest income of overseas investors betting on Indian debt papers. The move could make Mauritius as attractive a destination as Singapore for investors putting money in Indian debt securities. 

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