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22:00 Cabinet clears tax pact between India-Iran
The Union Cabinet cleared a double taxation avoidance agreement between India and Iran which will promote investment flow and curb tax evasion.
The agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between India and Iran was approved by the Cabinet, headed by Prime Minister Narendra Modi, an official statement said.
The agreement will stimulate flow of investment, technology and personnel from India to Iran and vice versa, and will prevent double taxation, it added.