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<h1>India-Nepal Agreement: Preventing Double Taxation and Fiscal Evasion on Income Taxes Since 1988.</h1> The agreement between the governments of India and Nepal, effective from November 1, 1988, aims to prevent double taxation and fiscal evasion regarding income taxes. It applies to residents of both countries and covers taxes such as income tax and surtax in India and income tax in Nepal. The agreement outlines the taxation of various income types, including dividends, interest, royalties, and business profits, and provides guidelines for eliminating double taxation. It includes provisions for mutual agreement procedures, exchange of information, and non-discrimination, ensuring fair taxation practices between the two nations.