On 30 December 2016, officials from India and Singapore reportedly met to begin negotiations for revisions to the 1994 income tax treaty between the two countries. Revisions are needed with regard to the 2005 protocol to the India-Singapore treaty, which effectively provided an exemption from tax on the gains from the alienation of shares in a company resident in a Contracting State, with the condition that the exemption under the India-Mauritius tax treaty remained in effect. Under the 2016 protocol to the India-Mauritius tax treaty, gains from the alienation of  shares acquired on or after 1 April 2017 in a company...