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<h1>India-Georgia Agreement on Preventing Double Taxation Effective; Applies to Income and Capital Taxes from April 1, 2012.</h1> An agreement between the governments of India and Georgia was signed on August 24, 2011, to prevent double taxation and fiscal evasion concerning income and capital taxes. It became effective on December 8, 2011, following the completion of necessary legal procedures. According to Article 31, the agreement's provisions apply in India to taxes withheld at source for income paid or credited from April 1 of the year following its entry into force. For other income and capital taxes, it applies to fiscal years starting on or after April 1 of the subsequent calendar year. The agreement aims to promote economic cooperation between the two nations.