The Indian Government has approved the country’s tax treaty with Iran.
The tax treaty is in line with the ones entered into by India with other countries. The proposed treaty also meets tax treaty-related minimum standards proposed under the OECD’s base erosion and profit shifting project, in which India is participating on an equal footing.
The tax treaty would provide for exchange of tax information between the two countries as per latest international standards.
The tax treaty was signed on February 17.