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of <h1>Serbia and India Sign Protocol to Avoid Double Taxation on Income and Capital Gains</h1> The Protocol signed between the Council of Ministers of Serbia and Montenegro and the Government of the Republic of India addresses the avoidance of double taxation concerning income and capital taxes. It specifies that income from immovable property and capital gains from the sale of such property can be taxed in both countries involved. This agreement was formalized in New Delhi on February 8, 2006, with the English, Hindi, and Serbian texts being equally authoritative. In the event of interpretation discrepancies, the English version will take precedence.
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