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 – Uzbekistan – Amendment in notification No. SO 790(E), Dated 13-11-1996
Notification No. 49/2012, [F.No.503/6/2009-FTD-II]/SO 2689(E), dated 07.11.2012
Whereas the annexed Protocol amending the Agreement between the Government of the Republic of India and the Government of the Republic of Uzbekistan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (hereinafter referred to as “Protocol”) signed on the 11th day of April, 2012 shall enter into force on the 20th day of July, 2012, being the date of the later of the notifications after completion of the procedures as required by the laws of the respective countries for the entry into force of the Protocol, in accordance with Article 7 of the said Protocol.
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 Protocol annexed hereto shall be given effect to in the Union of India in accordance with Article 7 of the said Protocol as namely:-
(i) in respect of Articles 1,2,3,4 and 6 of the said Protocol for Financial Year 2013-2014 and subsequent financial years; and
(ii) in respect of Article 5 of the said Protocol from the 20th day of July, 2012.