Mou between India and Japan on Amendment of Convention for the avoidance of double taxation

Double Taxation Avoidance Convention (DTAC) signed between the two countries in 1989 for avoidance of double taxation and for prevention of fiscal evasion, through a protocol. 
The Protocol will facilitate:
- exchange of information, as per accepted international standards, on tax matters including bank information and information without domestic tax interest.
- sharing any information received from Japan, with authorization of the competent authority in Japan and vice versa, in respect of a resident of India, with other law enforcement agencies. 
- Both can lend assistance to each other in collection of revenue claims, as well as for exemption of interest income from taxation in the source country, with respect to debt-claims insured by the Government or Government-owned financial institutions. 
About The Double Tax Avoidance Agreement (DTAA) 
It is essentially a bilateral agreement entered into between two countries. The basic objective is to promote and foster economic trade and investment between two Countries by avoiding double taxation.
What is Tax Avoidance ?
An arrangement of a tax payer’s affairs that is intended to reduce his liability and that although the arrangement could be strictly legal.The key distinction being that in tax avoidance the key facts and financial details are not hidden by the tax payer but are on audit-record.So there is no ‘black-money’ because all the money is reported to the tax-authorities.