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of <h1>India-Thailand Agreement Targets Double Taxation Prevention and Fiscal Evasion on Income Taxes for Residents of Both Countries.</h1> The agreement between the governments of India and Thailand aims to prevent double taxation and fiscal evasion concerning income taxes. Effective from the exchange of ratification instruments, it applies to residents of both countries. The convention covers various income types, including business profits, dividends, interest, royalties, and capital gains, with specific provisions for each. It outlines the methods for eliminating double taxation, ensuring non-discrimination, and facilitating mutual agreement and information exchange. The agreement also addresses specific scenarios like income from shipping, air transport, and professional services, providing guidelines for tax exemptions and reductions.
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