Article 28 - Termination - Great Britain and Northern Ireland (Old - Effective upto 10-02-1994)

ARTICLE 28 Termination This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate the Convention, through the diplomatic channel, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of ten years from the date of entry into force of the Convention. In such event, the Convention shall cease to have effect: (a) in the United Kingdom of Great Britain and Northern Ireland: (i) in respect of income-tax and capital gains tax, for any year of assessment beginning on or after 6th April, in the calendar year next following that in which the notice is given; (ii) in respect of corporation tax, for any financial year beginning on or after 1st April, in the calendar year next following that in which the notice is given; (iii) in respect of petroleum revenue tax, for any chargeable period beginning on or after 1st January, in the calendar year next following that in which the notice is given; (iv) in respect of development land tax, for any realised development value accruing on or after 1st April, in the calendar year next following that in which the notice is given; and (b) in India, in respect of income arising in any fiscal year beginning on or after the first day of April, next following the calendar year in which the notice is given. In witness whereof the undersigned, duly authorised thereto by their respective Governments, have signed this Convention. Done on this 16th day of April, 1981, in New Delhi on two original copies each in the Hindi and English languages, both the texts being equally authentic. In case of divergence between the two texts, the English text shall be the operative one. For the Government of India : G. Ramachandran For the Government of the United Kingdom of Great Britain and Northern Ireland : J. A. Thomson [No. 501/6/75-FTD]