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      Question

      Which financial compliance framework introduced the

      Principal Purpose Test (PPT) in India's DTAAs?
      A Basel III Norms Correct Answer Incorrect Answer
      B BEPS Framework Correct Answer Incorrect Answer
      C IFRS Accounting Standards Correct Answer Incorrect Answer
      D FATF Guidelines Correct Answer Incorrect Answer
      E SEBI Listing Obligations Correct Answer Incorrect Answer

      Solution

      The Principal Purpose Test (PPT) is a tax compliance measure under the Base Erosion and Profit Shifting (BEPS) framework, which India has adopted in its Double Tax Avoidance Agreements (DTAAs). The PPT denies treaty benefits if the primary purpose of an arrangement is tax avoidance rather than commercial intent.

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