According to an announcement from the Indian Ministry of Finance, officials from India and Mauritius signed a protocol to the 1982 income and capital tax treaty between the two countries on 10 May 2016. The protocol is the first to amend the treaty. One of the main changes is the granting of taxation rights to India on gains from alienation of shares in Indian resident companies acquired on or after 1 April 2017. However, a transition period applies for shares acquired between 1 April 2017 and 31 March 2019, during which the tax rate is reduced by 50%, subject to...