MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following is not true about the Double Taxation Avoidance Treaty? |
| A. | Under the treaty, capital gains tax may be levied on the country of origin of the company. |
| B. | Dividends, royalties and interest income are taxed in both countries. |
| C. | The tax rate cannot exceed 7.5% on dividends and 10% on interest and royalties. |
| D. | India has entered into Double Taxation Avoidance Treaty (DTAA) with all the countries of the world. |
| Answer» E. | |