TaxTMI 
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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....g States to each other of completion of the procedures required by their respective laws, as required by article 5 of the said agreement. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that all the provisions of the said agreement 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....
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....ts can be exercised therein as if such maritime zone is part of the territory of Oman; (b) the term " India " means the territory of India and includes the territorial sea and airspace above it as well as any other maritime zone referred to in the territorial waters, continental shelf, exclusive economic zone and other Maritime Zones Act, 1976 (Act No. 80 of 1976), in which India has sovereign rights and to the extent that these rights can be exercised therein as if such maritime zone is a part of the territory of India; (c) the term " a Contracting State " and the " other Contracting State " means Sultanate of Oman or India as the context requires; (d) the term " tax " means " Omani tax " or " Indian tax " as the context requires; (e) ....
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....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 to govern the assessment and taxation of income in the Contracting States except where express provision to the contrary is ....
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....authentic. In case of dispute as to interpretation and application of this agreement, the English text shall prevail. Sd. C. K. TIKKU For the Government of India. Sd. MR. ABDULLA BIN SAEED BIN RASHID AL-BALUSHI For the Government of the Sultanate of Oman. ANNEX LIST OF DESIGNATED ENTERPRISES, VIDE ARTICLE 2, PARAGRAPH 2 Enterprises designated by the Government of India: AIR-INDIA Enterprises designated by the Government of the Sultanate of Oman: GULF AIR COMPANY (KNOWN AS GULF AIR) Eng. Mohamed Rajab Al-Ba'Omar. Head of Delegation of the Government of the Sultanate of Oman. Dear Sir, The agreement between the Government of India and the Government of the Sultanate of Oman for the avoidance of double taxation of income ....
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....an for the avoidance of double taxation of income derived from the international air transport you have informed of the following: " The 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 being signed today, I have the honour on behalf of the Government of India to inform you that the provisions of article 3 of the said agreement are based on the understanding that the enterprise of India is not taxed on its income derived from international air transport in the States of Bahrain, Oman, Qatar and United Arab Emirates who are the joint owners of Gulf Air. However, in the event of the States of Bahrain, Qatar and United ....