Agreement between the Government of the Republic of India and the Kingdom of Spain for the exchange of Information with respect to taxes - Amendment in the existing convention between India and Spain regarding the taxation of royalties and fees for technical services.

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....FINANCE (Department of Revenue) NOTIFICATION NO. 33/2024 New Delhi, the 19th March, 2024. (Income- Tax) S.O. 1484(E).-Whereas, the Convention between the Government of the Republic of India and the Kingdom of Spain for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital came into force on the 12th January, 1995, after ....

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.... Cooperation and Development , which enters into force after the 1st January, 1990, India limits its taxation at source on royalties or fees for technical services to a rate lower than the rate provided for in this Convention on the said items of income, the same rate as provided for in that Convention or Agreement on the said items of income shall also apply under this Convention; And whereas,....

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....ion between India and Spain, namely:--- In the said notification, in the Convention annexed therewith between the Republic of India and Kingdom of Spain, in Article 13 relating to Royalties and Fees for Technical Services, for paragraph 2, the following paragraph shall be substituted, namely:--- "2. However, such royalties and fees for technical services may also be taxed in the Contra....