Article 1 - Persons Covered - Albania

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 7 th January, 2014 (INCOME-TAX) S.O. 47(E) - 1. Whereas, an agreement (hereinafter referred to as the said agreement) was entered into between the Government of the Republic of India and the Council of Ministers of Republic off Albania for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital which was signed at New Delhi on the 8th day of July, 2013; 2. And whereas, the date of entry into force of the said agreement is the 4th day of December, 2013, being the date of 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 31 of the said agreement; 3. 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 said agreement between the Government of the Republic of India and the Council of Ministers of Republic of Albania for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital, as set out in the Annexure hereto, shall be given effect to in the Union of India with effect from date of entry into force of said agreement i.e., the 4th day of December, 2013. [Notification No. 02/2014/ F. No. 501/1/2003-FTD-I] AKHILESH RANJAN, Jt. Secy. ANNEXURE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE COUNCIL OF MINISTERS OF THE REPUBLIC OF ALBANIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL The Government of the Republic of India and the Council of Ministers of the Republic of Albania, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital and with a view to promoting economic cooperation between the two countries, have agreed as follows: ARTICLE 1 PERSONS COVERED This Agreement shall apply to persons who are residents of one or both of the Contracting States.