Taxes on income and capital: treaty covers specified and similar taxes and requires mutual notification of changes. Article 2 establishes that the Convention applies to taxes on income and on capital regardless of levy method, including taxes on total income or capital, elements of income or capital, gains from alienation and capital appreciation. It specifies existing applicable taxes in Sri Lanka (income-tax including certain turnover-based income-tax and wealth-tax) and India (income-tax including surcharge, surtax, and wealth-tax), and extends coverage to identical or substantially similar taxes introduced later, with a mutual notification obligation on tax law changes.
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.
Taxes on income and capital: treaty covers specified and similar taxes and requires mutual notification of changes.
Article 2 establishes that the Convention applies to taxes on income and on capital regardless of levy method, including taxes on total income or capital, elements of income or capital, gains from alienation and capital appreciation. It specifies existing applicable taxes in Sri Lanka (income-tax including certain turnover-based income-tax and wealth-tax) and India (income-tax including surcharge, surtax, and wealth-tax), and extends coverage to identical or substantially similar taxes introduced later, with a mutual notification obligation on tax law changes.
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