Double taxation prevention: Convention defines covered income taxes and mandates annual mutual notification of tax-law changes. The Convention applies to taxes on income levied by each Contracting State or local authorities, treating as such all taxes on total income or elements of income. It enumerates the existing covered taxes for Libya (including real estate, agricultural, commercial/industrial/professional profits, company taxes, wages, foreign source income, al jihad tax and bank deposit income) and for India (income tax including surcharge and the companies surtax). The Convention also extends to identical or substantially similar subsequent taxes and mandates annual mutual notification of changes in taxation laws.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Double taxation prevention: Convention defines covered income taxes and mandates annual mutual notification of tax-law changes.
The Convention applies to taxes on income levied by each Contracting State or local authorities, treating as such all taxes on total income or elements of income. It enumerates the existing covered taxes for Libya (including real estate, agricultural, commercial/industrial/professional profits, company taxes, wages, foreign source income, al jihad tax and bank deposit income) and for India (income tax including surcharge and the companies surtax). The Convention also extends to identical or substantially similar subsequent taxes and mandates annual mutual notification of changes in taxation laws.
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