Double taxation agreement: Between India and USSR signed

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..... rnment of the Republic of India and the Government of the Union of Soviet Socialist Republics. Mr. S. B. Chavan, Union Finance Minister, signed it on behalf of the Government of India while Mr. V. M. Kamentsev, Deputy Chairman of the USSR Council of Ministers, signed it on behalf of the Government of the USSR. 2. Under this Agreement, business profits of a resident of one country shall be taxabl .....

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..... he taxes paid in the USSR on the doubly taxed income. In the USSR, double taxation would be eliminated in accordance with the laws of the USSR. For this purpose, the USSR will take into account taxes paid or spared in India. The Agreement will come into force after both the countries complete the formalities necessary to bring into force this Agreement. The Agreement will help in the modernisation .....

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