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of <h1>India-Uruguay Agreement to Prevent Double Taxation on Income and Capital Gains Now Effective in India from April 2014.</h1> An agreement between the governments of India and Uruguay was signed on September 8, 2011, to prevent double taxation and fiscal evasion concerning income and capital taxes. This agreement came into force on June 21, 2013, and its provisions will be effective in India from April 1, 2014. The agreement covers various taxes, including income, wealth, and capital taxes, and outlines the taxation rights of each country on different types of income and capital gains. It also includes provisions for mutual agreement procedures, exchange of information, and assistance in tax collection, ensuring non-discrimination and the elimination of double taxation.
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