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of <h1>India-Turkmenistan Agreement Prevents Double Taxation, Addresses Tax Evasion, Covers Income and Capital Taxes Since 1997.</h1> The agreement between the governments of India and Turkmenistan, effective from July 7, 1997, aims to prevent double taxation and fiscal evasion concerning income and capital taxes. It covers various taxes, including income and wealth taxes in India and profits and personal income taxes in Turkmenistan. The convention outlines the scope, definitions, and rules for determining tax liabilities, including provisions for permanent establishments, business profits, and capital gains. It also addresses issues like non-discrimination, mutual agreement procedures, and exchange of information to facilitate cooperation between the two countries in tax matters.
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