Sale of Compulsorily Convertible Debentures Taxable Interest Income under the India–Mauritius Income Tax Treaty (1982)

Journal
India; Mauritius
Bulletin for International Taxation 2012 (Volume 66), No. 9
This article analyses the recent ruling and the approach of the Indian Authority for Advance Rulings (AAR) in the case of Z regarding the India–Mauritius Income Tax Treaty (1982), and the AAR’s conclusion that the sale of compulsorily convertible debentures was interest income rather than capital gains.