Article 1 - Personal Scope - Israel

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 26th June, 1996 INCOME-TAX G.S.R. 256(E)- Whereas the annexed Convention between the Government of the Republic of India and the Government of the State of Israel for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income and on capital has entered into force on the 15th May, 1996, after the notification by both the contracting States to each other of the completion of the procedures required under their laws for bringing into force of the said Convention in accordance with Article 29 of the said Convention. Now, Therefore, in exercise of the powers conferred by section 90 of the income-tax Act, 1961 (43 of 1961), and section 44A of the Wealth-Tax Act, 1957 (27 of 1957), the Central Government hereby directs that all the provisions of the said convention shall be given effect to in the Union of India. ANNEXURE CONVENTION BETWEEN THE REPUBLIC OF INDIA AND THE STATE OF ISRAEL FOR THE AVOIDANCE OF DOUBLE TAXATION AND FOR THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL The Government of the Republic of India and the Government of the State of Israel, Desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital, have agreed as follows : Article 1 PERSONAL SCOPE This Convention shall apply to persons who are residents of one or both of the contracting States.