Asia Pulse
July 27, 2004 Tuesday

INDIAN CABINET NOD TO SIGNING OF TAXATION CONVENTION WITH ARMENIA

NEW DELHI, July 27

The federal Cabinet Monday gave a formal approval for signing of a
Double Taxation Avoidance Convention with Armenia.

The approval will enable the government to ratify the Convention for
Avoidance of Double Taxation and the Prevention of Fiscal Evasion
with respect to taxes on income between India and Armenia.

The Convention will stimulate the flow of cap, an official
spokesperson told reporters.

It will provide tax stability and reduce obstacles in mutual
cooperation.