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<h1>Convention Covers Income Taxes in India and Armenia, Including Property Gains and Wages; Applies to Future Similar Taxes</h1> This Convention applies to taxes on income levied by a Contracting State or its subdivisions, covering total income or income elements, including property gains and wages. Specifically, it applies to India's income tax, including surcharges, and Armenia's profit tax, income tax, and land tax. The Convention also extends to any similar taxes introduced after its signing. Contracting States must inform each other of significant changes in their tax laws.