Entry into force of tax convention sets effectivity for India and Romania after exchange of ratification instruments, terminating prior treaty. The Convention enters into force upon the exchange of instruments of ratification at Bucharest; it applies in India to income arising in a previous year beginning on or after the first April following the calendar year of exchange, and in Romania to income arising in a calendar year beginning on or after the first January following the calendar year of exchange. The existing 1968 agreement on avoidance of double taxation for aircraft and ship enterprises ceases to have effect upon the Convention's entry into force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Entry into force of tax convention sets effectivity for India and Romania after exchange of ratification instruments, terminating prior treaty.
The Convention enters into force upon the exchange of instruments of ratification at Bucharest; it applies in India to income arising in a previous year beginning on or after the first April following the calendar year of exchange, and in Romania to income arising in a calendar year beginning on or after the first January following the calendar year of exchange. The existing 1968 agreement on avoidance of double taxation for aircraft and ship enterprises ceases to have effect upon the Convention's entry into force.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
