A corrigendum has been issued for G.S.R. 563(E), dated 23rd September 1997, regarding the Double Taxation Avoidance Agreement (DTAA) between the Government of the Sultanate of Oman and the Government of the Republic of India. - G.S.R. 601(E) - Income Tax Act, 1961
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Double taxation avoidance agreement: residence-based scope and specified tax coverage with mutual notification of tax law changes. The corrigendum provides that the Double Taxation Avoidance Agreement applies to persons resident in one or both Contracting States, lists covered taxes including the domestic income tax in one State and Company Income Tax and Profit Tax in the other, and extends to identical or substantially similar taxes enacted later, with competent authorities required to notify each other of substantial taxation law changes.
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Provisions expressly mentioned in the judgment/order text.
Double taxation avoidance agreement: residence-based scope and specified tax coverage with mutual notification of tax law changes.
The corrigendum provides that the Double Taxation Avoidance Agreement applies to persons resident in one or both Contracting States, lists covered taxes including the domestic income tax in one State and Company Income Tax and Profit Tax in the other, and extends to identical or substantially similar taxes enacted later, with competent authorities required to notify each other of substantial taxation law changes.
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