2 min readNew DelhiJun 30, 2015 12:16 AM IST
First published on: Jun 30, 2015 at 12:16 AM IST
The tax treaty provides for the framework of avoiding double taxation.India and Thailand on Monday signed the double taxation avoidance treaty and exchanged instruments of ratification on the extradition treaty inked in 2013. The treaty provides for the legal framework to seek extradition of fugitive offenders.
The tax treaty provides for the framework of avoiding double taxation and prevention of fiscal evasion with respect to taxes so as to promote bilateral economic cooperation.
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On the last day of her three-day visit to Thailand, External Affairs Minister Sushma Swaraj co-chaired the seventh meeting of the India-Thailand Joint Commission for Bilateral Cooperation.
The extradition treaty provides for the legal framework for seeking extradition of fugitive offenders, including those involved in terrorism, transnational crimes, economic offences etc. It also provides for the extradition of any person, who is wanted for trial or for the imposition or enforcement of any sentence by one Contracting state and is found in the territory of the other Contracting state.
The exchange of instruments will help both the countries in expedited extradition of fugitives. This will make it easier for India to extradite a Dawood aide, Sayeed Muzakkir Mudassar Hussain alias Munna Jhingada, who is lodged in a Thai prison. Jhingada is serving time for the botched assassination bid on Chhota Rajan 13 years ago.
The tax treaty provides for the framework of avoiding double taxation.
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