Agreement for Avoidance of Double Taxation and Prevention of fiscal evasion with foreign countries – Estonia

Posted: 06/08/2012 in Income Tax, Notifications
Tags: , , ,

Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of fiscal evasion with foreign countries – Estonia

Notification no. 27/2012 [F.NO.503/02/1997- FTD-1], dated 25.07.2012

WHEREAS an Agreement and the Protocol between the Government of the Republic of India and the Government of the Republic of Estonia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed at Tallinn, Estonia, on 19th day of September, 2011;

AND WHEREAS, the date of entry into force of the said Agreement is the 20th day of June, 2012, being the date of the later of the notifications of completion of the procedures as required by the respective laws for entry into force of the said Agreement, in accordance with paragraph 2 of Article 30 of the said Agreement;

AND WHEREAS, sub-paragraph (a) of paragraph 3 of Article 30 of the said Agreement provides that the provisions of the said Agreement shall have effect in India in respect of income derived in any fiscal year beginning on or after the first day of April next following the calendar year in which the Agreement enters into force;

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 Agreement, as set out in the Annexure hereto, shall be given effect to in the Union of India with effect from 1st day of April, 2013.

ANNEXURE

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Click here to view the complete text of the above Notification- Notification no. 27/2012, dated 25.07.2012.

Source: Income Tax Department- India.

 

 

 

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