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India, France amend DTAC; capital gains to be taxed on basis of residency of company

Image used for representation purposes. File | Photo Credit: Getty Images/iStockphoto India and France have amended the double taxation avoidance agreement which will provide for taxation of capital gains on the basis of residency of the company and deleted the Most-Favoured-Nation (MFN) clause bringing in certainty in taxation. The amending protocol also modifies the taxation…

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Markets extend gains as investors cheer U.S. court Trump tariff verdict

Equity benchmark indices Sensex and Nifty closed higher on Monday (February 23, 2026), tracking gains in PSU bank, auto and financial stocks, as investors’ sentiments improved after the U.S. Supreme Court struck down the Trump administration’s sweeping tariffs. The 30-share BSE Sensex climbed 479.95 points, or 0.58%, to settle at 83,294.66. During the session, the…

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Too early to comment on U.S. tariff changes; India Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman (centre), RBI Governor Sanjay Malhotra (right), and Minister of State for Finance Pankaj Chaudhary during a press conference after a Central Board meeting of the Reserve Bank of India, at the RBI headquarters, in New Delhi, on February 23, 2026. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Monday (February…

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