Revised 40 tax treaties to use info for other purposes: Govt

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India has revised 40 treaties for avoidance of double taxation so that the information exchanged with partner nations on tax matters can also be utilised for other purposes including criminal proceedings, Parliament was informed on Friday. “Treaty partner countries have been requested to modify the tax treaties, so as to explicitly include provisions that will enable information exchanged for tax purposes to be utilised for other purposes, including criminal proceedings in non-tax matters,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha. “40 treaties for avoidance of double taxation have been revised accordingly,” he said. In addition, Gangwar said, India has signed ‘the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which also similarly facilitates exchange of information’. 

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