Article 1 - Persons covered - Taipei

MINISTERY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd September 2011 (INCOME TAX) S.O. 2040(E) - WHEREAS the agreement between India-Taipei Association in Taipei and Taipei Economic and Cultural Center in New Delhi for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (hereinafter referred to as the agreement ) was signed in India on the 12th day of July, 2011. WHEREAS in terms of article 29 of the agreement, both India-Taipei Association in Taipei and Taipei Economic and Cultural Center in New Delhi are required to communicate to each other about the completion of the procedures required by the laws in their respective territories for the entry into force of the agreement. WHEREAS the said agreement shall come into force on the 12th day of August, 2011, being the date of the later of the notifications after completion of the procedures as required by the laws of the respective territories for the entry into force of the agreement, in accordance with the provisions specified in article 29 of the agreement. Whereas sub-section (1) of section 90A of the Income-tax Act, 1961 empowers the Central Government to make such provisions as may be necessary for adopting and implementing the agreement made between any specified association in India and any specified territory outside India. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 90A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby adopts the agreement between India-Taipei Association in Taipei and Taipei Economic and Cultural Center in New Delhi for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and notifies that all the provisions of the said agreement annexed hereto shall be given effect to in the Union of India with effect from the 1st day of April, 2012. [Notification No. 48/2011/F.No. 500/02/2001-FTD-II] K. RAMALINGAM, Jt. Secy. ANNEXURE AGREEMENT BETWEEN INDIA-TAIPEI ASSOCIATION IN TAIPEI AND TAIPEI ECONOMIC AND CULTURAL CENTER IN NEW DELHI FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME India-Taipei Association in Taipei and Taipei Economic and Cultural Center in New Delhi, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, have agreed as follows: ARTICLE 1 PERSONS COVERED This Agreement shall apply to persons who are residents of one or both of the territories.