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<h1>India-Serbia Tax Treaty Modified by MLI to Prevent Tax Evasion and Double Taxation on Income and Capital.</h1> The synthesized text of the Convention between India and Serbia for avoiding double taxation on income and capital, as modified by the Multilateral Convention to Prevent Base Erosion and Profit Shifting (MLI). The modifications, agreed upon by both countries, aim to prevent tax evasion and avoidance, ensuring the Convention applies effectively. The MLI provisions took effect on different dates, with specific applicability to taxes withheld at source and other taxes based on the countries' positions. The Convention applies to residents of one or both contracting states, promoting economic cooperation while preventing double taxation.