Taxes on income and capital gains: Convention governs covered and future similar taxes between contracting states.

Article 2 provides that the Convention applies to taxes on income and capital gains imposed by a Contracting State or its subdivisions regardless of the manner of levy, including taxes on total income and on elements of income such as gains from alienation. It lists the existing covered taxes for India and Ireland and extends the Convention to identical or substantially similar taxes enacted later, with competent authorities required to notify each other of significant tax-law changes.

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