Section 90 of the Income-Tax Act, 1961 – Double Taxation Agreement – Multilateral Convention on Mutual Administrative Assistance on Tax Matters with Organisation for Economic Co-operation and Development Member Countries (OECD) Member Countries
Notification No. 35/2012 [F. No. 500/154/2009-FTD-I], dated 29.08.2012
Whereas, a Multilateral Convention on Mutual Administrating Assistance in Tax Matter and as amended by the 2010 protocol was signed by the Republic of India at the headquarters of the Organisation for Economic Co-operation and Development (OECD) at Paris on the 26rd day of January, 2012 (hereinafter referred to as the said Convention);
And, whereas, the instrument of ratification was deposited in OECD on 21st February 2010, the date of entry into force of the said convention for India is the 1st day of June, 2012 in accordance with paragraph 3 of Article 28 of the said Convention;
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 Convention for Mutual Administrative Assistance on Tax Matters, as set out in the Annexure hereto, shall be given effect to in the Union of India with effect from the 1st June, 2012, that is, the date of entry into force of the said Convention.
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Source: Income Tax Department- India.
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