Article 1 - Personal Scope - Czechoslovak [Slovak Republic]

MINISTRY OF FINANCE (Department of Revenue) (Foreign Tax Division) New Delhi, the 25th May, 1987 Notification (INCOME-TAX) G.S.R. 526(E) Whereas the Government of India and the Government of the 1 Czechoslovak Socialist Republic have concluded an agreement as set out in the Annexure hereto, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income; And whereas all the requirements have been completed in India and Czechoslovakia as are necessary to give the said agreement the force of law in India and Czechoslovakia respectively, as required by Article 28 of the said agreement; And whereas the diplomatic notices to this effect have been exchanged between the said two Governments, as required by Article 28 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 CZECHOSLOVAK SOCIALIST REPUBLIC FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME. The Government of India and the Government of the Czechoslovak Socialist Republic, Desiring to conclude an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, Have agreed as follows: ARTICLE 1 PERSONAL SCOPE This agreement shall apply to persons who are residents of one or both of the Contracting States. ************** NOTES:- 1 The Agreement signed on January 27, 1986, between the Government of the Republic of India and the Government of the Czechoslovak Socialist Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income remains applicable to the residents of the Slovak Republic. [ Notification No. 25/2015 dated 23.03.2015 ]