The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income between India and Iran.
"The agreement will stimulate flow of investment, technology and personnel from India to Iran and vice versa, and will prevent double taxation. The agreement will provide for exchange of information between the two countries and improve transparency in tax matters and will help curb tax evasion and tax avoidance," an official statement said.
The agreement is on similar lines as entered into by India with other countries.
--IANS
mak/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app