Article 29 - Entry into force - Sri Lanka (Old - Effective upto 31-3-2013)

Article 29 : Entry into force 1. This Convention shall be ratified and the instruments of ratification shall be exchanged at Colombo as soon as possible. 2. The Convention shall enter into force upon the exchange of instruments of ratification and its provisions shall have effect: (a) in Sri Lanka- (i) in respect of income assessable for any year of assessment commencing on or after 1st April, 1980; (ii) in respect of capital assessable for any year of assessment commencing on or after 1st April, 1980. (b) in India- (i) in respect of income assessable for any year of assessment commencing on or after 1st April, 1981; (ii) in respect of capital assessable for any year of assessment commencing on or after 1st April, 1980. 3. The Agreement between the Government of Ceylon and the Government of India for relief from or the avoidance of double taxation of income, signed on 10th September, 1956, See (1957) 31 ITR (St) 35 shall terminate and cease to have effect as respects taxes on income to which the present Convention applies in accordance with the provisions of paragraph (2) of this Article.