Avoidance of double taxation: treaty allocates taxing rights, limits source taxation and mandates information exchange. Agreement between India and Cyprus allocates taxing rights to prevent double taxation and fiscal evasion: residents are covered; taxes on income and similar future taxes apply; immovable property is taxable at source; business profits are taxable at the residence state unless attributable to a permanent establishment in the source state with rules for profit attribution and limited intra-group deductions; specific rules govern dividends, interest, royalties, capital gains, personal services, non-discrimination, elimination of double taxation, mutual agreement procedure, exchange of information and mutual assistance in collection, with a protocol addressing transitional and interpretative clarifications.