https://www.taxtmi.com/notifications?id=22272 Convention sets a bilateral tax framework to avoid double taxation and prevent fiscal evasion between India and Korea, applying to residents and income taxes. It defines residence rules and a permanent establishment test (with exclusions and an agent rule) to allocate taxing rights over business profits and other income categories. The treaty prescribes source state withholding ceilings for dividends, interest, royalties and technical service fees where the recipient is beneficial owner, provides for elimination of double taxation by tax credits subject to domestic law and ceilings, and establishes mutual agreement and exchange of information mechanisms. en-us Fri, 26 Sep 1986 00:00:00 +0530 Fri, 10 Jan 2025 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22272 Convention sets a bilateral tax framework to avoid double taxation and prevent fiscal evasion between India and Korea, applying to residents and income taxes. It defines residence rules and a permanent establishment test (with exclusions and an agent rule) to allocate taxing rights over business profits and other income categories. The treaty prescribes source state withholding ceilings for dividends, interest, royalties and technical service fees where the recipient is beneficial owner, provides for elimination of double taxation by tax credits subject to domestic law and ceilings, and establishes mutual agreement and exchange of information mechanisms. Notifications Income Tax Fri, 26 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22272