Termination of tax treaty: either contracting state may give notice, producing prospective cessation of treaty provisions.

Either Contracting State may, through diplomatic channels and after an initial five year period, give written notice of termination on or before 30 June of any calendar year; the Agreement then ceases prospectively-applying to India for income and capital from previous years beginning on or after the 1 April next following the calendar year of notice, and for Mongolia for income and capital from years of income beginning on or after the 1 January next following the calendar year of notice.

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