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of <h1>Convention on Income and Capital Taxes Between Serbia, Montenegro, and India Covers Various Tax Types and Future Amendments</h1> This convention applies to taxes on income and capital imposed by a Contracting State, its subdivisions, or local authorities, regardless of the levy method. It covers all taxes on total income, capital, or specific income or capital elements, including gains from property transactions, enterprise wages, and capital appreciation. Specifically, it applies to Serbia and Montenegro's taxes on profit, income, capital, and international transport revenue, and India's income and wealth taxes. The convention also extends to any similar taxes introduced after its signing, with Contracting States required to notify each other of significant tax law changes.
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