Double taxation agreement adoption establishes residency, permanent establishment rules, withholding caps and information exchange framework. The Central Government, exercising powers under Section 90A of the Income tax Act, adopts the Agreement between India Taipei Association and the Taipei Economic and Cultural Center for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income; the Agreement applies to residents of the two territories and taxes on income, sets rules on residence, permanent establishment, source taxation (including withholding caps for dividends, interest and royalties/fees for technical services), elimination of double taxation, mutual agreement procedure, exchange of information and assistance in tax collection, and contains limitation of benefits and termination provisions.