Article 27 - Entry into force - Nepal (Old - Effective upto 31-3-2013)

Chapter VI - Final Provisions Article 27 - Entry into force - Each of the Contracting State shall notify to the other completion of the procedure required by its law for the bringing into force of this Agreement. This Agreement shall enter into force on the date of the later of these notifications and shall thereupon have effect : (a) in India, in respect of income arising in any previous year beginning on or after the first day of April next following the calendar year in which the later of the notifications is given ; (b) in Nepal, in respect of income arising in any year of income beginning on or after the 1st day of Nepalese fiscal year next following the calendar year in which the later of the notifications is given.