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TMI BlogSecond protocol to the convention between the Government of the Republic of India and the Government of New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income u/s 90X X X X Extracts X X X X X X X X Extracts X X X X ..... hirty days after the date of receipt of later of notifications by both the Contracting States to each other, under Article 9 of the Second Protocol, of the completion of the procedures required under their respective laws for bringing into force of the said Second Protocol. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby directs that all the provisions of the said Second Protocol shall be given effect to in the Union of India. [Notification No. 11202/FNo 500/151/93-FTD] VIJAY MATHUR. Jt. Secy ANNEXURE SECOND PROTOCOL TO THE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF NEW ZEALAND FOR THE AVOIDANCE OF DOUBLE TAXATION ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the following : 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may also be taxed in that other State. ARTICLE 4 In paragraph 2 of Article 10 of Convention, 20 per cent is replaced by 15 per cent . ARTICLE 5 In paragraph 2 of Article 11 of the Convention, 15 per cent is replaced by 10 per cent . ARTICLE 6 In paragraph 2 of Article 12 of the Convention, 30 per cent is replaced by 10 per cent . ARTICLE 7 Paragraph 1 of Article 13 of the Convention is replaced by the following : 1. Income or gains derived by a resident of a Contracting State from the alienation of immovable property referred to in Article 6 and situated in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ew Zealand : for any income year beginning on or after 1st April in the calendar year next following the date on which the Protocol enters into force ; ( b ) in India : for any previous year (as defined in the Income-tax Act, 1961) beginning on or after 1st April in the calendar year next following the date on which the Protocol enters into force. In witness whereof the undersigned, duly authorised by their respective Governments, have signed this Protocol. Done in duplicate at New Delhi this twenty-first day of June, 1999 in the Hindi and English languages, both texts being equally authentic. In case of divergence between the two texts, the English text shall be the operative one. For the Government of India (RAVI KANT) For the Government ..... X X X X Extracts X X X X X X X X Extracts X X X X
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