Blog categorized as Foreign Investment

CBDT Clarifies Past Investments Under Old Tax Treaties Are Safe from PPT

CBDT Clarifies Past Investments Under Old Tax Treaties Are Safe from PPT

By Vikram Bhatia

✨ In a significant move providing relief to investors, the Central Board of Direct Taxes (CBDT) has clarified that prior investments made under tax treaties with Mauritius, Cyprus, and Singapore will not be impacted by the Principal Purpose Test (PPT). This announcement alleviates fears of retrospec...

23 Jan 2025 04:47 PM - Comment(s)