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of <h1>India and Taipei Sign Protocol to Avoid Double Taxation, Ensure Fiscal Cooperation, and Provide Relief per Article 23.</h1> The India-Taipei Association and Taipei Economic and Cultural Center in New Delhi signed a protocol on July 12, 2011, as part of the Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion. Key provisions include: domestic laws more beneficial to residents take precedence over the agreement; the Land Value Increment Tax is unaffected by the agreement; revisions to the India-China tax agreement may trigger automatic changes in this agreement regarding 'Permanent Establishment'; and income taxation will be governed by respective territories unless otherwise stated, with relief from double taxation provided as per Article 23. The protocol is equally authentic in Hindi, Chinese, and English.
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