Double taxation avoidance: treaty allocates taxing rights, limits withholding on cross-border income and ensures information exchange. The Central Government, under Section 90 of the Income-tax Act, 1961 and Section 44A of the Wealth-tax Act, 1957, directs that the Convention between India and Serbia and Montenegro for the Avoidance of Double Taxation with respect to taxes on income and on capital be given effect in India. The Convention defines scope and key terms, allocates taxing rights including treatment of permanent establishments, sets withholding limits on dividends, interest, royalties and service fees where the beneficial owner is a resident of the other State, provides elimination of double taxation, non-discrimination, mutual agreement and information exchange provisions, and includes a Protocol permitting taxation of immovable property income and related capital gains in both States.