Article 1 - Persons covered - Saudi Arabia

MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 17th october, 2006 NOTIFICATION (INCOME TAX) G.S.R. 645(E) Whereas the annexed Convention between the Government of the Republic of India and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income shall come into force on the 1st day of November, 2006, being the first day of the second month following the month in which the later of the notifications after completion of the procedures as required by the respective laws for the entry into force of this Convention was received, in accordance with Article 28 of the said Convention. Now, therefore, In exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby directs that all the provisions of the said Convention shall be given effect to in the Union of India. [Notification No.287/2006-FTD(F.No.501/7/91-FTD)], POONAM DUTT, Jt. secy. ANNEXURE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF THE KINGDOM OF SAUDI ARABIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF TAX EVASION WITH RESPECT TO TAXES ON INCOME The Government of the Republic of India and the Government of the Kingdom of Saudi Arabia, desiring to conclude a Convention for the avoidance of double taxation and the prevention of tax evasion with respect to taxes on income and with a view to promoting economic cooperation between the two countries, have agreed as follows: ARTICLE 1 PERSONS COVERED This Convention shall apply to persons who are residents of one or both of the Contracting States.