Termination of tax treaty requires diplomatic notice and takes prospective effect for income and capital across fiscal years. Either Contracting State may terminate the Agreement by diplomatic notice given at least six months before year-end after the Agreement has been in force five years; termination is prospective, taking effect for India from the first day of April and for Uruguay from the first day of January following the calendar year in which notice is given, and applies to income, wealth (India) and capital (Uruguay).