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of <h1>India and Taipei Sign Agreement to Prevent Double Taxation u/s 90A of Income-tax Act, 1961.</h1> The Central Government of India has adopted an agreement with the Taipei Economic and Cultural Center in New Delhi to prevent double taxation and fiscal evasion concerning income taxes. This agreement, signed on July 12, 2011, and effective from August 12, 2011, is implemented under Section 90A of the Income-tax Act, 1961. It aims to eliminate double taxation and ensure tax compliance between India and Taipei by outlining the applicable taxes, defining residency, and establishing guidelines for taxation on various income types, including dividends, interest, and royalties. The agreement will be effective in India from April 1, 2012.
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