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The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) will be effective from which financial year?

1. 2022-23
2. 2021-22
3. 2019-20
4. 2020-21

Correct answer: 2020-21

Solution

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS was made effective in India from financial year 2020-21. This aligns with the implementation timeline of treaty-related anti-avoidance measures. Hence, the correct answer is 2020-21.

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