DTAA Benefits Applicable to Partnership Firms in India, UK

New Delhi: Ending uncertainty over tax treatment, the Central Board of Direct Taxes (CBDT) has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the UK as well as India.  Apprehensions that the term 'person' in the DTAA does not specifically include partnership were brought to the notice of the CBDT and clarity was sought on whether the provisions of the trea...