According to a recent announcement issued by India's Press Information Bureau, the Indian Cabinet has approved the signing of a protocol to amend the 1994 income tax treaty with China. Changes to the treaty include updates to the exchange of information provisions to bring them in line with international standards, as well as changes to implement the minimum standards of BEPS project and other BEPS changes as agreed by the two parties. The protocol will be the first to amend the treaty and m…