9911796707
TMI BlogAgreement between Government of India and Imperial Government of IranX X X X Extracts X X X X X X X X Extracts X X X X ..... Government of Iran have concluded an agreement through exchange of notes as set out in the Annexure hereto, for the avoidance of double taxation of income of enterprises operating aircraft; Now, therefore, in exercise of the powers 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has to this date refrained from collecting income-tax from Indian air companies. Thus, as the provisions of reciprocity prescribed in the Direct Tax Law, has been in fact established, as long as the said provision is observed by the Indian Government, Indian air companies will be, as before, exempted from the payment of tax derived from the tranportation of goods and passengers. It is, therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents its compliments to the Embassy of India and with reference to the discussions and corresponding notes exchanged regarding the reciprocal exemption of Indian and Iranian airlines from payment of income-tax has the honour to state: According to the Direct Tax Law of 19th March, 1967, foreign air companies may be exempted from payment of income-tax on a reciprocal basis, and in fact considering ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of both parties. With reference to this proposal, the Embassy of India has the honour to inform the Imperial Ministry of Foreign Affairs that the Government of India accepts the terms of the foregoing text and considers that that Note and this Note will constitute an agreement between the two Governments for the avoidance of double taxation of income of enterprises operating aircraft, which shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that Government. The Embassy of India avails itself of this opportunity to renew to the Imperial Ministry of Foreign Affairs the assurances of its highest consideration. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax - Double Tax Avoidanc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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