India and Iran Signed Agreement for the Avoidance of Double Taxation

India and Iran signed an Agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect to taxes on income. The Agreement is on similar lines as entered into by India with other countries.

The Agreement will stimulate the flow of investment, technology and personnel from India to Iran & vice versa, and will prevent double taxation. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance.

Static/Current Takeaways Important for Canara Bank PO 2018 Exam-

  • Iran Capital- Tehran, Currency- Iranian rial.
Source- Press Information Bureau (PIB)