Second protocol to the convention between the Government of the Republic of India and the Government of New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income u/s 90

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....come comes into force on 30th December, 1999, thirty days after the date of receipt of later of notifications by both the Contracting States to each other, under Article 9 of the Second Protocol, of the completion of the procedures required under their respective laws for bringing into force of the said Second Protocol. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby directs that all the provisions of the said Second Protocol shall be given effect to in the Union of India. [Notification No. 11202/FNo 500/151/93-FTD] VIJAY MATHUR. Jt. Secy ANNEXURE SECOND PROTOCOL TO THE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND....

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....shall settle the question by mutual agreement." ARTICLE 3 Paragraph 1 of Article 6 of the Convention is replaced by the following : 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may also be taxed in that other State." ARTICLE 4 In paragraph 2 of Article 10 of Convention, "20 per cent" is replaced by "15 per cent". ARTICLE 5 In paragraph 2 of Article 11 of the Convention, "15 per cent" is replaced by "10 per cent". ARTICLE 6 In paragraph 2 of Article 12 of the Convention, "30 per cent" is replaced by "10 per cent". ARTICLE 7 Paragraph 1 of Article 13 of the Convention is replaced by t....