Article 29 - Entry into Force - Cyprus

ARTICLE 29 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, (i) with respect to taxes withheld at source, for amounts paid or credited on or after 1st April of the fiscal year next following that in which the Agreement enters into force; and (ii) with respect to taxes on income for any fiscal year beginning on or after 1st April of the fiscal year next following that in which the Agreement enters into force; and (b) In Cyprus (i) in respect of tax withheld at the source, for amounts paid on or after the first day of January in the calendar year next following that in which the Agreement enters into force; and (ii) in respect of other taxes for years of assessment beginning on or after the first day of January in the calendar year next following that in which the Agreement enters into force. 4. The Agreement between the Republic of India and the Republic of Cyprus for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital signed on 13 June, 1994, shall be terminated on the date that this Agreement comes into effect.