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of <h1>New Hungary-India Tax Agreement to Replace 1986 Deal, Effective 30 Days After Notification Completion</h1> The Double Taxation Avoidance Agreement (DTAA) between Hungary and India will enter into force 30 days after the later of the two countries notifies the other of the completion of necessary legal procedures. The agreement will apply to income in India for fiscal years starting on or after April 1 following the year of entry into force, and in Hungary for fiscal years starting on or after January 1 following the year of entry into force. The previous 1986 agreement between the two countries will cease to be effective once this new agreement takes effect.
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