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of <h1>India-South Korea DTAA Article 31: Termination Requires 6-Month Notice After 5 Years, Affects Taxation Timelines Post-Termination.</h1> Article 31 of the Double Tax Avoidance Agreement (DTAA) between India and South Korea outlines the termination process. The Agreement remains in effect indefinitely unless terminated by either country through diplomatic channels. Termination requires a six-month notice before the end of any calendar year, after five years from the Agreement's entry into force. Upon termination, the Agreement ceases to apply to income in India from April 1st following the notice year, and in Korea, to tax withheld at source from January 1st following the notice year, and to other taxes for taxable years starting from January 1st following the notice year. The Agreement, signed in Seoul on May 18, 2015, is equally authentic in Hindi, Korean, and English, with the English text prevailing in case of interpretation disputes.
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