NEW DELHI: India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.The introduction of PPT could result in more scrutiny of investments, with experts suggesting that authorities will test if obtaining tax benefits under the treaty was one of the main objectives of routing investments via the African nation."The introduction of the PPT... Read this story
