Entry into force of tax treaty sets deferred effective dates for source withholding and income taxes in Finland and India. The Agreement enters into force thirty days after the later written notification through diplomatic channels confirming completion of domestic procedures. It prescribes staggered application: in Finland, withholding taxes apply to income derived on or after the January following entry into force and other income taxes for tax years beginning on or after that January; in India, withholding taxes apply for amounts paid or credited on or after the April following entry into force and income taxes for fiscal years beginning on or after that April. The earlier 1983 Agreement ceases to have effect for taxes covered by the new Agreement and terminates on its last effective date.
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Provisions expressly mentioned in the judgment/order text.
Entry into force of tax treaty sets deferred effective dates for source withholding and income taxes in Finland and India.
The Agreement enters into force thirty days after the later written notification through diplomatic channels confirming completion of domestic procedures. It prescribes staggered application: in Finland, withholding taxes apply to income derived on or after the January following entry into force and other income taxes for tax years beginning on or after that January; in India, withholding taxes apply for amounts paid or credited on or after the April following entry into force and income taxes for fiscal years beginning on or after that April. The earlier 1983 Agreement ceases to have effect for taxes covered by the new Agreement and terminates on its last effective date.
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