Double Taxation Agreement between India and Uruguay: tax allocation, foreign tax credit relief and information exchange. The Agreement between India and Uruguay provides for the avoidance of double taxation on taxes on income and capital, applies to residents of one or both Contracting States and to specified taxes (including substantially similar future taxes), and is effective in India from the fiscal year beginning 1 April 2014. It allocates taxing rights by income category (including immovable property, business profits attributable to a permanent establishment, shipping and air transport, dividends, interest, royalties, capital gains, and personal services), prescribes foreign tax credit relief, sets out mutual agreement and exchange of information procedures, contains non discrimination and limitation of benefits rules, and includes a Protocol clarifying several operational points.