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of <h1>Double Tax Avoidance Agreement: Hungary-India Pensions Taxable Only in Paying Country, Exceptions for Compulsory Systems</h1> Pensions and similar remuneration for past employment paid to a resident of a Contracting State are generally taxable only in that State. However, pensions under Hungary's compulsory pension system paid to a resident of India are taxable only in Hungary. Conversely, pensions paid by India or its political subdivisions to a resident of Hungary are taxable only in India. These provisions are part of the Double Tax Avoidance Agreement between Hungary and India, aiming to prevent double taxation on pensions.
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