Double Taxation Agreement – Agreement for Exchange of Information with respect to Taxes with Guernsey

Posted: 18/08/2012 in Income Tax, Notifications
Tags: , , , ,

Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Exchange of Information with respect to Taxes with Guernsey

Notification No. 30/2012 [F. No. 503/1/2009-FTD-I], dated 09.08.2012

WHEREAS, an Agreement between the Government of the Republic of India and the States of Guernsey for the exchange of information with respect to taxes was signed at London on the 20th day of December, 2011 (hereinafter referred to as the said Agreement)

AND WHEREAS, the date of entry into force of the said Agreement is the 11th 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 14 of the said Agreement;

NOW, THEREFORE, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that all the provisions of the Agreement between the Government of the Republic of India and the States of Guernsey for the exchange of information with respect to taxes, as set out in the Annexure hereto, shall be given effect to in the Union of India with effect from the 11th June, 2012, that is, the date of entry into force of the said Agreement.

AGREEMENT

BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDIA AND

THE STATES OF GUERNSEY

FOR

THE EXCHANGE OF INFORMATION

WITH RESPECT TO TAXES

WHEREAS the Government of the Republic of India and the States of Guernsey (the “Contracting Parties”), desiring to enhance and facilitate the terms and conditions governing the exchange of information with respect to taxes;

WHEREAS it is acknowledged that the States of Guernsey has the right under the terms of its Entrustment from the UK to negotiate, conclude, perform and subject to the terms of this Agreement terminate a tax information exchange agreement with the Government of the Republic of India;

NOW, THEREFORE, the Contracting Parties have agreed to conclude the following Agreement, which contains obligations on the part of the Contracting Parties only.

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Click here to view the complete text of the above Notification- Notification no. 30/2012, dated 09.08.2012.

Source: Income Tax Department- India.

 

 

 

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