Economy How the misuse of India’s treaty with Mauritius is leading to tax revenue loss Updated : February 20, 2020 07:36 PM IST When overseas shareholders in an Indian company are taxed in India as well as in their home country, they can take shelter under Double Taxation Avoidance Agreement. Capital gains accruing to foreign investments coming through Mauritius were exempt in India due to the India-Mauritius Double Taxation Avoidance Agreement. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.