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of <h1>India and Lebanon Sign Agreement to Avoid Double Taxation on Airline Income Starting April 1, 1962.</h1> The Government of India and the Government of the Republic of Lebanon have entered into an agreement to avoid double taxation on income from enterprises operating aircraft between the two countries. This agreement, effective for income assessable from April 1, 1962, exempts such income from being taxed by the other contracting state. The agreement, ratified and exchanged in Beirut, specifies that it applies to current and future similar taxes. The protocol also confirms that neither country will levy taxes on the income of the other's airlines for the specified years prior to April 1, 1962.
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