Article 30 - Entry into force - Sri Lanka

ARTICLE 30 ENTRY INTO FORCE 1. The Contracting States shall notify each other in writing, through diplomatic channels, of the completion of the procedures required by the respective laws for the entry into force of this Agreement. 2. This Agreement shall enter into force on the date of the later of the notifications referred to in paragraph 1 of this Article. 3. The provisions of this Agreement shall have effect: (a) In India, in respect of income derived in any fiscal year beginning on or after the first day of April next following the calendar year in which the Agreement enters into force; and (b) In Sri Lanka, in respect of income derived in any taxable year beginning on or after the first day of April next following the calendar year in which the Agreement enters into force. 4. The Convention between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on Income and on Capital signed on 27th January 1982 shall terminate and cease to have effect when the provision of this Agreement become effective in accordance with the provisions of paragraph 3 of this Article.