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of <h1>India-Thailand Tax Agreement Covers Income and Petroleum Taxes, Requires Notification of Significant Tax Law Changes</h1> This Agreement applies to income taxes imposed by a Contracting State, its subdivisions, or local authorities, regardless of how they are levied. It covers taxes on total income or income elements, including gains from property sales and wages. Specifically, it applies to India's income tax, including surcharges, and Thailand's income tax and petroleum income tax. The Agreement also extends to any similar taxes introduced after its signing, with Contracting States required to notify each other of significant changes in their tax laws.
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