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

DOUBLE TAXATION AVOIDANCE AGREEMENT WITH SRI LANKA NOTIFICATION NO. GSR 342(E), DATED 19-4-1983 Convention between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital WHEREAS the annexed Convention between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital has been ratified and the instruments of ratification exchanged as required by Article XXIX of the said Convention; NOW, THEREFORE, in exercise of the powers conferred by sections 90 of the Income Tax Act, 1961 (43 of 1961), and section 24 A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that all the provisions of the said Convention shall be given effect to in the Union of Indian. ANNEXURE Convention between the Government of the Republic of India and the government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and 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 Democratic Socialist Republic of Sri Lanka 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.