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of <h1>India-UK Tax Agreement Covers Income, Corporation, and Capital Gains Taxes; Future Tax Changes Included</h1> The Double Taxation Avoidance Agreement (DTAA) between Great Britain and Northern Ireland and India covers specific taxes. In the UK, it includes income tax, corporation tax, capital gains tax, petroleum revenue tax, and development land tax. In India, it covers income tax, including surcharges under the Income-tax Act, 1961, and surtax under the Companies (Profits) Surtax Act, 1964. The Convention also applies to any similar taxes introduced by either country after the agreement's signing. Both countries' authorities are required to inform each other of any significant changes to their tax laws.
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