On 10 May 2016, India signed a protocol to the 1982 tax treaty Mauritius that grants taxation rights to India on gains from alienation of shares in Indian resident companies acquired on or after 1 April 2017 ({News-2016-05-11/T/2- previous coverage}). This change also affects India's taxation rights on capital gains under the 1994 India-Singapore tax treaty (Singapore does not tax capital gains). Under the original 1994 India-Singapore tax treaty, gains from the alienation of shares by a resident of a Contracting State were taxable in the other State if the shares derived their value from immovable property situated in the...