Exchange of information under Double Tax Avoidance Agreement.

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..... g international transactions. The non-residents often claim deductions for expenses incurred outside India, the validity of which needs to be examined. They may also carry on significant transactions with affiliated persons or entities located abroad. The reliability of figures reported for such transactions needs verification particularly due to the case with which transactions between affiliated .....

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..... agreements is intended to focus attention on the importance of exchange of information that would assist the contracting states in combating tax evasion or fraud. 3.It is seen that in spite of having provisions for exchange of information in our DTA Agreements we have not made any effective use thereof. This is mainly due to the reason that the board have not been getting requests form field for .....

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..... fore making such request the assessing officers should however satisfy themselves that the information sought falls within the scope of the Article for Exchange of Information in the relevant DTA agreement. On receipt of such requests the board would write to the competent Authority of the country concerned and try to obtain the desired information. - Circular - Trade Notice - Public Notice - In .....

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