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of <h1>India-Romania Tax Convention Enforced to Prevent Double Taxation, Boost Economic Ties Since November 1987</h1> The Convention between the Government of India and the Government of Romania aims to avoid double taxation and prevent fiscal evasion concerning income taxes. It came into effect on November 14, 1987, following the exchange of ratification instruments by both countries. The Convention applies to residents of either or both Contracting States. The Indian government, under the powers granted by the Income-tax Act, 1961, and the Companies (Profits) Surtax Act, 1964, has directed the implementation of all provisions of this Convention in India. This agreement seeks to enhance economic relations based on equality and mutual benefit.
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