Govt revises DTAA with Syria

India has revised double taxation avoidance agreement (DTAA) with Syria under which business profits will be taxed if a foreign company has a permanent establishment within the country where the profits are made.

The provision of the revised DTAA, which was signed last year in June, has come into effect in India from April 1, 2009, and in Syria from January 1, 2009.

However, it is not clear whether the government is pursuing similar changes in DTAA with other countries.