9911796707
TMI BlogTerminationX X X X Extracts X X X X X X X X Extracts X X X X ..... espect of other taxes for taxation years beginning on or after the first day of January next following the calendar year in which the notice of termination is given. (b) in India: (i) in respect of tax withheld at the source on amounts paid or credited to non-residents on or after the first day of April next following the calendar year in which the notice of termination is given; and (ii) in respect of other taxes for previous years beginning on or after the first day of April next following the calendar year in which the notice of termination is given. IN WITNESS WHEREOF the undersigned, being duly authorised thereto, have signed the present Convention. Done in duplicate at New Delhi this 19th day of July one thousand nine hundred and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if an enterprise of Korea, shall also be exempt from any tax similar to the value added tax in Korea, which may hereafter be imposed in India. 3. In respect of Article 9, it is understood that the provisions of its paragraphs 1 and 2 shall apply in respect of shipping transport carried on or after the taxation year in which an agreement related to shipping transport between the Contracting States or their authorised nominees is concluded and becomes effective. It is further understood that until an agreement related to shipping transport between the Contracting States or their authorised nominees enters into force, paragraph 2 shall read as follows: "profits derived from the operation of ships in international traffic may be taxed in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Republic of Korea, being duly authorised by their respective Governments, have met for the purpose of exchanging the Instruments of Ratification of the Convention between the Government of the Republic of India and the Government of the Republic of Korea for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income which was signed at New Delhi on 19th July, 1985. The respective Instruments of Ratification of the aforementioned Convention having been examined and found to be in good and due form, the exchange thereof took place this day. IN WITNESS WHEREOF, they have signed the present Protocol. Done in two originals in the English language, both being equally authentic, at Seoul this first ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Convention is effective; NOW, THEREFORE, in exercise of the powers conferred by section 90 of the Income Tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that the provisions of paragraph 4 of the Protocol of the Convention between the Government of the Republic of India and the Government of the Republic of Korea for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income stands modified to the extent mentioned below, namely:- In the said paragraph for the words and figure "the first 5 years", the words and figures "the first 10 years" shall be substituted. [Notification No. 8785/F. No. 501/22/73-FTD ..... X X X X Extracts X X X X X X X X Extracts X X X X
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