Taxes on income and capital gains: Convention applies to current and successor taxes and mandates inter State notification. Article 2 defines the Convention's scope as applying to taxes on income and capital gains imposed by a Contracting State or its sub divisions, including taxes on total income and elements of income such as gains from alienation of property. It lists the principal existing covered taxes-India's income tax (including surcharge) and Ireland's income tax, corporation tax and capital gains tax-and extends coverage to identical or substantially similar future taxes while requiring mutual notification of significant changes to taxation laws.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxes on income and capital gains: Convention applies to current and successor taxes and mandates inter State notification.
Article 2 defines the Convention's scope as applying to taxes on income and capital gains imposed by a Contracting State or its sub divisions, including taxes on total income and elements of income such as gains from alienation of property. It lists the principal existing covered taxes-India's income tax (including surcharge) and Ireland's income tax, corporation tax and capital gains tax-and extends coverage to identical or substantially similar future taxes while requiring mutual notification of significant changes to taxation laws.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
