India-Romania Double Tax Avoidance Agreement Covers Income, Surcharge, and Surtax; Notification of Tax Law Changes Required.

The Double Tax Avoidance Agreement (DTAA) between India and Romania applies to specific taxes. For India, it covers income tax, any surcharge, and surtax, collectively referred to as Indian tax. For Romania, it includes the tax on incomes of individuals and corporate bodies, tax on profits of joint companies with foreign partners, and tax on income from agricultural activities, collectively referred to as Romanian tax. The agreement extends to any similar taxes introduced after the signing. Both countries are required to notify each other of significant changes in their tax laws and provide copies of relevant legal documents.

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