India, Oct. 27 -- India has received a draft proposal from Liechtenstein for a Double Taxation Avoidance Agreement (DTAA) and is examining it, a senior external affairs ministry official said on Monday.

"This is in the domain of the finance ministry so experts will look at how it could help us advance economic engagement," secretary (west) Sibi George said during a special briefing on the October 25-28 visit of Liechtenstein's Prince Alois to India. His spouse Princess Sophie and a high-level official as well as a business delegation comprising top industry leaders, are accompanying him.

A DTAA is a bilateral treaty between India and another country to prevent the same income from being taxed in both nations. India has such agreements w...