Article 1 - Surcharge on income-tax - Lebanon

Agreement Between the Government of India and the Government of the Republic of Lebanon for the avoidance of double taxation Notification No. 1552-53 Dated 28/6/1969 Whereas the annexed agreement between the Government of India and the Government of the Republic of Lebanon for the avoidance of double taxation of income of enterprises operating aircraft has been ratified and the instruments of ratification exchanged, as required by article V of the said agreement: Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that all the provisions of the said agreement shall be given effect to in the Union of India. ANNEXURE Agreement Between the Government of India and the Government of the Republic of Lebanon for the avoidance of double taxation of income of enterprises operating aircraft. Whereas the Government of India and the Government of the Republic of Lebanon desire to conclude an agreement for the avoidance of double taxation of income of enterprises operating aircraft chargeable to tax in the said countries in accordance with their respective laws; Now, therefore, the said two Governments do hereby agree as follows: ARTICLE I (1) The taxes to which this agreement shall apply are: (a) in the case of India: (i) the income-tax including any surcharge on income-tax imposed under the Income-tax Act, 1961 (43 of 1961), as amended; and or (ii) the surtax imposed under the Companies (Profits) Surtax Act, 1964 (7 of 1964), as amended (hereinafter referred to as Indian tax ); (b) in the case of the Republic of Lebanon: the income-tax including any additional tax on income-tax prescribed under the income-tax law issued by the Legislative Decree No. 144, dated June 12, 1959, as amended (hereinafter referred to as Lebanese tax ). (2) This agreement shall also apply to any identical or substantially similar taxes which are imposed after the date of signature of this agreement in addition to, or in place of, the existing taxes.