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of <h1>India-Korea Agreement on Income Tax Covers Wages, Property Gains, and Future Similar Taxes Under Section [Specify Section]</h1> This Agreement pertains to taxes on income imposed by a Contracting State or its subdivisions, regardless of the method of imposition. It covers taxes on total income, including gains from property alienation and wages. Specifically, it applies to India's income tax and Korea's income, corporation, and special rural development taxes. Additionally, the Agreement extends to any similar taxes introduced after its signing. The Contracting States are required to inform each other of significant changes in their tax laws.
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