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of <h1>India-Netherlands Convention Enforces Fair Taxation, Prevents Double Taxation and Tax Evasion Under Income-tax Act</h1> The convention between India and the Netherlands aims to prevent double taxation and fiscal evasion concerning income and capital taxes. Effective from January 21, 1989, following procedural notifications by both countries, the convention is enforced under Indian law, specifically through the Income-tax Act, Companies (Profits) Surtax Act, and Wealth-tax Act. It applies to residents of either or both countries, ensuring that the provisions are implemented across the Union of India. The agreement underscores mutual efforts to facilitate fair taxation and prevent tax evasion between the two nations.
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