Termination of tax treaty requires advance diplomatic notice and specifies different effective dates for withholding and income taxes. Article 31 allows either Contracting State to terminate the DTAA by diplomatic notice given at least six months before year end after five years of entry into force; the Agreement then ceases in India for withholding on amounts paid or credited on or after 1 April of the calendar year following notice and for income taxes for fiscal years beginning on or after that 1 April, and in Iceland for withholding on income derived on or after 1 January of the calendar year following notice and for other income taxes for tax years beginning on or after that 1 January.
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.
Termination of tax treaty requires advance diplomatic notice and specifies different effective dates for withholding and income taxes.
Article 31 allows either Contracting State to terminate the DTAA by diplomatic notice given at least six months before year end after five years of entry into force; the Agreement then ceases in India for withholding on amounts paid or credited on or after 1 April of the calendar year following notice and for income taxes for fiscal years beginning on or after that 1 April, and in Iceland for withholding on income derived on or after 1 January of the calendar year following notice and for other income taxes for tax years beginning on or after that 1 January.
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 
