Termination of tax treaty: notice after initial five year period triggers cessation for subsequent fiscal and calendar years. Article 31 permits either Contracting State to terminate the India-France DTAA by diplomatic written notice given on or before 30 June of any calendar year after five years from entry into force; termination takes effect in India for income arising in fiscal years beginning on or after 1 April following the calendar year of notice and for capital held on the last day of such fiscal years, and in France for income in calendar years or accounting periods beginning on or after 1 January following the calendar year of notice and for capital owned on the first day of such calendar years.
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: notice after initial five year period triggers cessation for subsequent fiscal and calendar years.
Article 31 permits either Contracting State to terminate the India-France DTAA by diplomatic written notice given on or before 30 June of any calendar year after five years from entry into force; termination takes effect in India for income arising in fiscal years beginning on or after 1 April following the calendar year of notice and for capital held on the last day of such fiscal years, and in France for income in calendar years or accounting periods beginning on or after 1 January following the calendar year of notice and for capital owned on the first day of such calendar years.
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