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of <h1>Agreement on Income and Capital Taxes Between India and Lithuania Includes Future Similar Taxes</h1> This Agreement applies to taxes on income and capital imposed by a Contracting State or its subdivisions, regardless of how they are levied. It covers taxes on total income, capital, and elements thereof, including gains from property alienation. Specifically, it applies to India's income and wealth taxes and Lithuania's profit, income, and immovable property taxes. The Agreement also extends to future taxes that are identical or similar to these existing taxes. The Contracting States' authorities must inform each other of significant changes in their tax laws.
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