The confusion is more about GAAR rather than the India-Mauritius treaty. Was the meeting aimed at providing clarity to investors about the India-Mauritius treaty provisions? Besides Singapore, is the government looking to renegotiate tax treaties with Cyprus and the Netherlands where such capital gains tax exemption exists? The clauses in the Netherlands treaty are more restrictive. Has the government given any assurance to FPIs about their concerns around GAAR?

Source: Mint May 15, 2016 13:26 UTC