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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Convention Termination Requires Six-Month Diplomatic Notice After Five Years; Affects Tax Years in India, New Zealand</h1> The Convention between the Contracting States remains effective until terminated by either party. Termination requires a notice through diplomatic channels at least six months before the end of any calendar year, after five years from the Convention's entry into force. Upon termination, it ceases to apply in New Zealand for income years starting on or after April 1 of the following calendar year and in India for 'previous years' as defined by the Income-tax Act, 1961, starting on or after April 1 of the subsequent calendar year. The Convention was signed in Auckland on October 17, 1986, with both Hindi and English texts being equally authentic.
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