Article 3 - General definitions - Cyprus (Old - Effective upto 31-3-2017)

Chapter II - Definitions Article 3: General definitions - In this Agreement, unless the context otherwise requires : (a) the term India means the territory of India and includes the territorial sea and airspace above it, as well as any other maritime zone in which India has sovereign rights, other rights and jurisdictions, according to the Indian Law and in accordance with international law/the U.N. Convention on the Law of the Sea. (b) the term Cyprus means the Republic of Cyprus including the national territory, the territorial sea, the continental shelf, and any other area which in accordance with international law and the law of the Republic of Cyprus has been or may hereafter be designated as an area within which the Republic of Cyprus exercises sovereign rights or has jurisdiction or any other rights and duties; (c) ther terms a Contracting State and the other Contracting State mean India or Cyprus as the context requires; (d) the term company means any body corporate or any entity which is treated as a company or body corporate under the taxation laws in force in the respective Contracting States; (e) the term competent authority means in the case of India, the Central Government in the Ministry of Finance (Department of Revenue) or their authorised representative; and in the case of Cyprus, the Minister of Finance or his authorised representative; (f) the terms enterprise of a Contracting State and enterprise of the other Contracting State mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State; (g) the term fiscal year means : (i) in the case of India, previous year as defined under section 3 of the Income-tax Act, 1961; (ii) in the case of Cyprus, year of assessment as defined under section 2 of the Income-tax Law 1961 as amended; (h) the term international traffic means any transport by a ship or aircraft operated by an enterprise registered and having the headquarters (i.e., effective management) in a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State; (i) the term national means : (i) in the case of India, any individual possession the nationality of India and any legal person, partnership or association deriving its status from the laws in force in India; (ii) in the case of Cyprus, individuals possessing the citizenship of Cyprus and any person other than an individual deriving its status as such from the laws in force in Cyprus; (j) the term person includes an individual, a company, a body of persons and any other entity which is treated as a taxable unit under the taxation laws in force in the respective Contracting States; (k) the term tax means Indian tax or Cyprus tax, as the context requires, but shall not include any amount which is payable in respect of any default or omission in relation to the taxes to which this Agreement applies or which represents a penalty imposed relating to those taxes. As regards the application of this Agreement by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning which it has under the law of that State concerning the taxes to which this Agreement applies.