9911796707
TMI BlogAgreement Between the Government of India and the Government of the Republic of Lebanon for the avoidance of double taxationX X X X Extracts X X X X X X X X Extracts X X X X ..... rs 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 all the provisions of the said agreement shall be given effect to in the Union of India. ANNEXURE Agreement Between the Government of India and the Government of the Republic of Lebanon for the avoidance of double taxation of income of enterprises operating aircraft Whereas the Government of India and the Government of the Republic of Lebanon desire to conclude an agreement for the avoidance of double taxation of income of enterprises operating aircraft chargeable to tax in the said countries in accordance with their respective laws; Now, theref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontext requires; (d) the term "tax" means "India tax" or "Lebanese tax", as the context requires; (e) the term "enterprise of a Contracting State" means- (i) an air-line designated by the Government of that State in pursuance of the agreement dated September 19, 1964, as may be amended or revised from time to time, between the Government of India and the Government of the Republic of Lebanon relating to air services, or (ii) an air-line which is authorised by the Government of that State by a general or special arrangement between the two Contracting States to operate charter flights between or beyond their territories. (2) In the application of the provisions of this agreement by one of the Contracting States, any term used but ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for any year of assessment commencing on or after the 1st day of April, 1962. Article VI This Agreement shall continue in effect indefinicely but either of the Contracting States may, on or before the 30th day of June in any calendar year after the year 1970, give notice of termination to the other Contracting State and in such event this Agreement shall cease to be effective: (a) in India, in respect of income assessable for any year of assessment commencing on or after the 1st day of April in the calendar year next following that year in which the notice is given; (b) in Lebanon, in respect of income assessable for any year of asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the time of signing of the said Agreement as follows: "The Government of India has not levied any Indian tax on the income of Middle East Airlines for any of the years of assessment aforementioned and hereby agrees not to levy such tax hereafter, and The Government of the Republic of Lebanon has not levied any Lebanese tax on the income of Air-India for any of the years of assessment aforementioned and hereby agrees not to levy such tax hereafter." And, have further agreed that this Protocol shall constitute an integral part of the said Agreement. In witness whereof the undersigned, duly authorised thereto, have signed the present Protocol. Done in duplicate at Beirut this 22nd day of February, One thousand nine hundred sixty-e ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
