Article 2 - Taxes covered - Thailand (Old - Effective upto 31-3-2016)

Article 2 : Taxes covered 1. This Convention shall apply to taxes on income imposed on behalf of each ContractingState or of its political sub-divisions or local authorities, irrespective of the manner in which they are levied. 2. There shall be regarded as taxes on income all taxes imposed on total income, or on elements of income, including taxes on gains from the alienation of movable or immovable property, as well as taxes on the total amounts of wages or salaries paid by enterprises. 3. The existing taxes to which this Convention shall apply are : (a) in the case of India : (i) the income-tax including any surcharge thereon imposed under the Income Tax Act, 1961 (43 of 1961); and (ii) the surtax imposed under the Companies (Profits) Surtax Act, 1964 (7 of 1964); (hereinafter referred to as "Indian tax"); (b) in the case of Thailand : (i) the income-tax; and (ii) the petroleum income-tax (hereinafter referred to as "Thai tax"). 4. The Convention shall also apply to any identical or substantially similar taxes which are imposed by either ContractingState after the date of signature of this Convention in addition to, or in place of, the taxes referred to in paragraph 3 of this Article. The competent authorities of the Contracting States shall notify each other of significant changes which have been made in their respective taxation laws.