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of <h1>India-Hungary DTAA Article 29: Termination Procedure Requires Six-Month Notice Post Five Years of Agreement Implementation</h1> Article 29 of the Double Tax Avoidance Agreement (DTAA) between India and Hungary outlines the termination process of the Convention. It states that the Convention remains in force indefinitely until a Contracting State decides to terminate it. Termination requires written notice through diplomatic channels at least six months before the end of any calendar year, after five years from the Convention's entry into force. Upon termination, the Convention ceases to have effect in India for income from fiscal years starting on or after April 1 following the notice year, and in Hungary for income from fiscal years starting on or after January 1 following the notice year. The agreement was signed in New Delhi on November 3, 2003, in Hindi, Hungarian, and English, with the English text prevailing in case of discrepancies.
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