TaxTMI 
TaxTMI 
Agreement between the Government of India and the Government of Sultanate of Oman for the avoidance of double taxation of income derived from international air transport
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....ment shall be given effect to in the Union of India. Agreement between the Government of India and the Government of the Sultanate of Oman for the avoidance of double taxation of income derived from international air transport. The Government of India and the Government of the Sultanate of Oman. Desiring to conclude an agreement for the avoidance of double taxation of income derived from international air transport. Have agreed as follows: Article 1 TAXES COVERED 1. The existing taxes to which this agreement shall apply are: (a) in the case of the Sultanate of Oman: the income-tax imposed under the Income-tax Decree, 1971, and the company income-tax imposed under the Company Income-tax Law, 1981, (hereinafter referred to as " Omani tax "); (b) in the case of India: (i) the income-tax including any surcharge thereon imposed, under the Income-tax Act, 1961 (43 of 1961); (ii) the surtax imposed under the Companies (Profits) Surtax Act, 1964 (7 of 1964), (hereinafter referred to as " Indian tax "). 2. This agreement shall also apply to any identical or substantially imilar taxes which are imposed after the date of signature of this agreement in....
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....ay be modified by mutual agreement through exchange of letters between both States. 3. In the application of the provisions of this agreement by one of the Contracting States, any term used but not defined herein shall, unless the context otherwise requires, have the meaning which it has under the laws in force in that State relating to the taxes which are the subject of this agreement. Article 3 AVOIDANCE OF DOUBLE TAXATION 1. Income which an enterprise of Oman derives from the operation of aircraft in international traffic shall be exempted in India from Indian tax. 2. Income which an enterprise of India derives from the operation of aircraft in international traffic shall be exempted in Oman from Omani tax. 3. The provisions of paragraphs 1 and 2 shall also apply to income from the participation in a pool, a joint business or an international operating agency. 4. For the purpose of paragraphs 1 and 2, interest on funds directly connected with the operation of aircraft in international traffic shall be regarded as income from the operation of aircraft. Article 4 RESIDUAL PROVISIONS The laws in force in either of the Contracting States will continue t....
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....; Sd. MR. ABDULLA BIN SAEED BIN RASHID AL-BALUSHI &nb....
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....d from the operation of aircraft in international traffic shall be reduced by a proportion appropriate to the share of the revenues of the enterprise of India in the State which imposes such tax. I should be grateful if you confirm your agreement to the above understanding of the provisions of article 3 of the said agreement, and that in such case this note and your reply thereto shall be deemed to be part of the agreement. Please accept, Sir, the assurances of my highest consideration. MUSCAT, 27th October, 1982. JAGDISH CHAND Head of Delegation of th....