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TMI BlogSection 90 of the Income-tax Act, 1961 - Double Taxation Agreement - Agreement for avoidance of double taxation and prevention of fiscal evasion with foreign countries – DenmarkX X X X Extracts X X X X X X X X Extracts X X X X ..... 989 (hereinafter referred to as the said Protocol) as set out in the Annexure to this notification, was entered into between the Government of the Republic of India and the Government of the Kingdom of Denmark and was signed on the 10 th day of October, 2013; And whereas, the date of entry into force of the said Protocol is the 1 st February, 2015, being the date of the first day of the month following the date of receipt of the later of the notifications of completion of the procedures as required for the bringing into force the said Protocol, in accordance with paragraph 1 of article 3 of the said Protocol; Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961) , the Central G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the protocol extending the Convention to apply in its entirety to the Faroe islands which was signed at Copenhagen on 8 th March, 1989 also between India and the Faroe islands: Article 1 Article 26 of the Convention shall be deleted and replaced by the following Article: Article 26 EXCHANGE OF INFORMATION 1 The competent authorities of the Contracting States shall exchange such information (including documents or certified copies of the documents) as is foreseeably relevant for carrying out the provisions of this Convention or to the administration or enforcement of the domestic laws concerning taxes of every kind and description imposed on behalf of the Contracting States, or of their political subdivisions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the normal course of the administration of that or of the other Contracting State; (c) to supply information which would disclose any trade, business, industrial, commercial or professional secret or trade process, or information the disclosure of which would be contrary to public policy (ordre public). 4. If information is requested by a Contracting State in accordance with this Article, the other Contracting State shall use its information gathering measures to obtain the requested information, even though that other State may not need such information for its own tax purposes. The obligation contained in the preceding sentence is subject to the limitations of paragraph 3 but in no case shall such limitations be construed to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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