Article 33 - Termination - Luxembourg

ARTICLE 33 TERMINATION This Agreement shall remain in force indefinitely until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement. In such event, the Agreement shall cease to have effect: (a) In India: (i) in respect of taxes withheld at source, to income derived on or after 1 April of the calendar year next following the year in which the notice is given; (ii) in respect of other taxes on income, and taxes on capital, to taxes chargeable for any taxable year beginning on or after 1 April of the calendar year next following the year in which the notice is given; and (b) In Luxembourg: (i) in respect of taxes withheld at source, to income derived on or after 1 January of the calendar year next following the year in which the notice is given; (ii) in respect of other taxes on income, and taxes on capital, to taxes chargeable for any taxable year beginning on or after 1 January of the calendar year next following the year in which the notice is given. IN WITNESS whereof the undersigned, duly authorized thereto, have signed this Agreement. DONE in duplicate at New Delhi on this Second day of June 2008, each in the Hindi, French and English languages, all the texts being equally authentic.