Taxes Covered

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Full Text of the Document

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....lude any amount which is payable in respect of any default or omission in relation to the taxes to which the Agreement applies or which represents a penalty imposed relating to those taxes. 2. The existing taxes to which the Agreement shall apply are: (a) In the case of India: (i) the income tax including any surcharge thereon; and (ii) the surtax, (hereinafter referred to as "Indian....