India, Iceland to sign agreement on double taxation avoidance

New Delhi, Nov 15 (UNI) The Union Cabinet today approved signing of an agreement between India and Iceland for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.

Parliamentary Affiars Minister P R Dasmunsi said the agreement would stimulate the flow of capital, technology and personnel from either country.

It would also provide tax stability and remove any obstacles in providing mutual cooperation, he added.

UNI