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of <h1>India-Indonesia Agreement Prevents Double Taxation, Covers Income Taxes, Business Profits, and More; Effective December 1987.</h1> The agreement between India and Indonesia, effective December 19, 1987, aims to prevent double taxation and fiscal evasion concerning income taxes. It covers taxes such as income tax and surtax in India, and various income taxes in Indonesia. The agreement applies to residents of either or both countries and includes provisions on permanent establishments, business profits, dividends, interest, royalties, and capital gains. It ensures non-discrimination, exchange of information, and mutual agreement procedures. The agreement allows for tax credits to prevent double taxation and includes specific articles for students, teachers, and government service remuneration.
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