Agreement for avoidance of double taxation between India and Romania: Commencement of

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..... avoidance of double taxation and the prevention of fiscal evasion with respect of taxes on income. The convention has entered into force on the 14th November, 1987 and shall have effect in India in respect of income arising in any previous year beginning on or after the first day of April, 1988. Under this convention, business profits of an enterprise of one country shall be taxable in the other .....

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..... dence of the enterprise. Source country tax rates on shipping profits will not exceed 2.50 per cent. of the gross amount payable on account of carriage of passengers, etc. With regard to dividends, interest and royalties, and fees for technical services, primary right to tax these incomes has been given to the country of residence. The country of source will limit its tax on these incomes to certa .....

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