Article 31 - Termination - Nepal

ARTICLE 31 TERMINATION This Agreement shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement. In such event the Agreement shall cease to have effect: ( a ) In India in respect of income derived in any fiscal year on or after the first day of April next following the calendar year in which the notice is given; ( b ) In Nepal, in respect of income derived in any fiscal year on or after the mid-July (corresponding to 1st day of Shrawan month of the Nepalese B.S.) next following the calendar year in which the notice is given. IN WITNESS WHEREOF the undersigned, duly authorized thereto have signed this Agreement. DONE in duplicate at Kathmandu on this 27th day of November, 2011, each in the Hindi, Nepali and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.