Article 2 - Taxes covered - Romania (Old - Effective upto 15-12-2013)

Article 2 - Taxes covered - 1. The taxes to which this Convention shall apply are : (a) In the case of India : (1) Income-tax and any surcharge thereon ; and (2) Surtax ; (hereinafter referred to as Indian tax). (b) In the case of Romania : (1) the tax on incomes derived by individuals and corporate bodies ; (2) the tax on the profits of joint companies constituted with the participation of some Romanian economic organisations and some foreign partners ; and (3) the tax on income realised from agricultural activities ; (hereinafter referred to as Romanian tax). 2. The Convention shall also apply to any identical or substantially similar taxes which are imposed by either ContractingState after the date of signature of the present Convention in addition to, or in place of, the taxes referred to in paragraph (1). 3. The competent authorities of the Contracting States shall notify to each other any significant changes which are made in their respective taxation laws which are the subject of this Convention and furnish copies of relevant enactments and regulations.