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of <h1>Japan-India Tax Convention Covers Income and Corporation Taxes; Updates Required for Law Changes Under Double Tax Avoidance Agreement.</h1> The Convention addresses taxes covered under the Double Tax Avoidance Agreement between Japan and India. In Japan, it includes the income tax and corporation tax, collectively referred to as 'Japanese tax.' In India, it covers the income tax, including any surcharges, referred to as 'Indian tax.' The Convention applies to any identical or similar taxes imposed after its signing, either in addition to or replacing the mentioned taxes. The competent authorities of both countries are required to notify each other of significant changes in their taxation laws within a reasonable timeframe.
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