Article 30 - Entry into Force - Iceland

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: (i) with respect to taxes withheld at source, for amounts paid or credited on or after 1st April of the calendar 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 calendar year next following that in which the Agreement enters into force; b) in Iceland: (i) in respect of taxes withheld at source, on income derived on or after 1st January in the calendar year next following the year in which the later notice is given; (ii) in respect of other taxes on income, for taxes chargeable for any tax year beginning on or after 1st January in the calendar year next following the year in which the later notice is given.