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of <h1>India-Romania Agreement Prevents Double Taxation, Fiscal Evasion on Income Taxes; Effective Since November 14, 1987</h1> The Convention between the Governments of India and Romania aims to prevent double taxation and fiscal evasion concerning income taxes. Effective from November 14, 1987, following the exchange of ratification instruments, it applies to residents of both countries. It covers taxes such as income tax and surtax in India, and income and profit taxes in Romania. The agreement outlines tax obligations, definitions, and conditions for various income types, including dividends, interest, royalties, and capital gains. It includes provisions for mutual assistance, exchange of information, and dispute resolution, ensuring equitable tax treatment and fostering economic relations between the two nations.
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