India’s Revised Tax Treaty with Singapore, aimed at checking round-tripping of funds, has come into force.

While most clauses of the amended treaty signed on December 30 took effect from February 27, the principal clause allowing levy of capital gains tax on investments routed through Singapore will come into force from April 1.

“The Third Protocol amending the existing Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic of India entered into force on February 27, 2017,” a statement issued by Ministry of Finance of Singapore said.

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