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Correct Option is 1, 2 and 3

• Multilateral Instrument (MLI) is a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS). • India has recently ratified the Multilateral Convention. • It is an outcome of the OECD / G20 Project, of which India is a member. • It aims to tackle Base Erosion and Profit Shifting i.e., tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no tax being paid.

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