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of <h1>DTAA Article 29: Termination Process and Timeline for Income Tax Convention Between Two Contracting States Explained</h1> Article 29 of the Double Tax Avoidance Agreement (DTAA) between two Contracting States outlines the termination process of the Convention. Either state can terminate the agreement by providing written notice through diplomatic channels at least six months before the end of any calendar year, after five years from the Convention's commencement. Upon termination, the Convention ceases to apply to income in India from any fiscal year starting on or after April 1 following the notice year, and in Hungary from any fiscal year starting on or after January 1 following the notice year. The agreement was signed in New Delhi on November 3, 2003, with texts in Hindi, Hungarian, and English, with the English text prevailing in case of discrepancies.
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