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The agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between India and Iran was approved by the Cabinet, headed by Prime Minister Narendra Modi, an official statement said.
"The agreement will provide for exchange of information between the two contracting parties as per latest international standards. It will thus improve transparency in tax matters and will help curb tax evasion and tax avoidance," the statement said.
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