India-France Sign Protocol
India and France signed a Protocol to amend the Double Taxation Avoidance Convention (DTAC) signed in 1992. DTAA/DTAC prevents double taxation on income of individuals or businesses. Amendments remove the Most Favoured Nation clause, reducing ambiguity in treaty benefits; MFN is a WTO principle of equal favourable terms for members. The Protocol also incorporates BEPS Multilateral Instrument provisions (in force 2018; effective 2019) to curb OECD-G20 BEPS base erosion and profit shifting.
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