Double taxation avoidance treaty between India and Macedonia allocates source taxing rights and provides relief mechanisms. Bilateral treaty between India and Macedonia allocates taxing rights and prevents fiscal evasion for taxes on income, defining persons and taxes covered, residence rules, and the conditions for permanent establishment. It limits source taxation for dividends, interest, royalties and fees for technical services where the beneficial owner is a resident of the other State, provides methods for elimination of double taxation, non discrimination, mutual agreement and exchange of information, assistance in collection of taxes, and a limitation of benefits rule. India will give effect to the Agreement from the first day of the fiscal year commencing the first day of April following entry into force.