Agreement on Merchant Shipping has been concluded between the Government of the Republic of India and the Government of the People's Republic of Bulgaria - 1727 - Income Tax Act, 1961
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Avoidance of double taxation on maritime freight: agreement precludes income tax on freight earnings between contracting ports. Notification directs that Article 10 of the India-Bulgaria Agreement on Merchant Shipping be given effect in India, preventing income tax on freight earnings from carriage of cargo between the ports of the two contracting parties and thereby avoiding double taxation on such maritime freight.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Avoidance of double taxation on maritime freight: agreement precludes income tax on freight earnings between contracting ports.
Notification directs that Article 10 of the India-Bulgaria Agreement on Merchant Shipping be given effect in India, preventing income tax on freight earnings from carriage of cargo between the ports of the two contracting parties and thereby avoiding double taxation on such maritime freight.
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