India, Armenia sign protocol amending Double Taxation Avoidance Convention (DTAC)

India and Armenia have signed a Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) to curb instances of tax evasion.The Protocol amends the Article on Exchange of Information for tax in the bilateral DTAC signed between India and Armenia and has been in existence since September 2004. It has been amended to bring it in line with the updated provisions in the Organisation for Economic Co-operation and Development (OECD) Model.