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of <h1>India-Italy Convention Takes Effect Post-Ratification, Replacing 1981 Agreement; Applies to Income from April (India) and January (Italy)</h1> This Convention between India and Italy requires ratification, with instruments exchanged in Rome. It becomes effective upon this exchange. In India, it applies to income assessable from the first day of April of the year following its entry into force. In Italy, it applies to income assessable from the first day of January of the subsequent year. The existing agreement from 1981 between the two countries will cease to apply once this Convention takes effect according to these terms.
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