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of <h1>India-Israel Agreement Prevents Double Taxation, Ensures Fair Tax Practices on Income and Capital Gains Since 1996.</h1> The agreement between the governments of India and Israel aims to prevent double taxation and fiscal evasion concerning income and capital taxes. Effective from May 15, 1996, the Convention outlines the scope of taxes covered, including income and capital gains, and establishes rules for determining tax residency, permanent establishments, and taxation of various income types such as dividends, interest, and royalties. It also includes provisions for mutual agreement procedures, exchange of information, and non-discrimination, ensuring equitable tax treatment. The agreement allows for adjustments to prevent double taxation and outlines the process for termination or amendment of the Convention.
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