Article 1 - Personal scope - Nepal (Old - Effective upto 31-3-2013)

NEPAL Agreement for avoidance of double taxation and prevention of fiscal evasion with Nepal Whereas the annexed Agreement between the Government of the Republic of India and His Majestys Government of Nepal for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has come into force on 1st November, 1988, on the notification by both the Contracting States to each other, under Article 27 of the said Agreement, of the completion of procedures required under their respective laws for bringing the Agreement into force ; Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that all the provisions of the said Agreement shall be given effect to in the Union of India. Notification : No. GSR No. 1146(E), dated 5-12-1988. Annexure Agreement between the Government of the republic of India and his majestys Government of Nepal for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income The Government of the Republic of India and His Majestys Government of Nepal desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income : Have agreed as follows : Chapter I - Scope of the agreement ARTICLE 1 - Personal scope - This Agreement shall apply to persons who are residents of one or both of the Contracting States.