Tax on income scope clarified: Agreement covers income taxes, gains and wages, plus successor taxes with mutual notification. The Agreement applies to taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income or elements of ... Summary
Tax on income scope clarified: Agreement covers income taxes, gains and wages, plus successor taxes with mutual notification.
The Agreement applies to taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income or elements of income-including gains from alienation of property and taxes on wages or salaries-and applies to existing income taxes (including surcharges) in India and Bhutan as well as identical or substantially similar successor taxes, with competent authorities required to notify each other of significant changes in taxation laws.
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