Taxes covered under DTAA: designation of United Kingdom tax and Indian tax, extended to identical or similar taxes. Article 2 designates specific taxes covered by the Convention as United Kingdom tax (income tax, corporation tax, capital gains tax, petroleum revenue ... Summary
Taxes covered under DTAA: designation of United Kingdom tax and Indian tax, extended to identical or similar taxes.
Article 2 designates specific taxes covered by the Convention as United Kingdom tax (income tax, corporation tax, capital gains tax, petroleum revenue tax, development land tax) and Indian tax (income tax with surcharge and the companies surtax). It extends the Convention to identical or substantially similar taxes subsequently imposed by either Contracting State and requires the competent authorities to notify each other of substantial changes in their taxation laws.
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