The Central Board of Direct Taxes (CBDT) notified the protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait.
The protocol updates the provisions in the DTAA for the exchange of information as per international standards, and also enables sharing of information received from Kuwait for tax purposes with other law enforcement agencies, subject to an authorisation of the competent authority of Kuwait and vice versa.
Source- ANI News
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Kuwait Capital- Kuwait City, Currency- Kuwaiti dinar.