https://www.taxtmi.com/notifications?id=22124 Article 12 exempts freight earnings of Czechoslovak vessels from Indian income tax on the basis of reciprocity; the Central Government, invoking section 90 of the Income tax Act, 1961 and section 24A of the Companies (Profits) Surtax Act, 1964, directed that Article 12 be given effect in India by notification dated 3 June 1980, within a broader bilateral shipping agreement that also defines vessel and crew terms, recognises ship documents, provides port facilities and assistance, and sets cargo sharing and coordination mechanisms. en-us Tue, 03 Jun 1980 00:00:00 +0530 Fri, 29 Nov 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22124 Article 12 exempts freight earnings of Czechoslovak vessels from Indian income tax on the basis of reciprocity; the Central Government, invoking section 90 of the Income tax Act, 1961 and section 24A of the Companies (Profits) Surtax Act, 1964, directed that Article 12 be given effect in India by notification dated 3 June 1980, within a broader bilateral shipping agreement that also defines vessel and crew terms, recognises ship documents, provides port facilities and assistance, and sets cargo sharing and coordination mechanisms. Notifications Income Tax Tue, 03 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22124