WITH India and Mauritius signing the Protocol to amend their tax treaty, several questions have cropped up with respect to tax treatment of different types of investments in India. To dispel the fear of any backlash and to put the fear to rest, the CBDT has set up a Working Group compring of departmental officers and representatives of SEBI, custodians, brokerage firms and fund managers has been constituted. This is to be headed by the JS (FT & TR-II).

The Working Group will submit its report to the CBDT within 3 months, after examining the relevant issues.