Agreement for the avoidance of double taxation of income of enterprises operating aircraft between the Government of India and the Swiss Federal Council

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..... ection 49A of the Indian Income-tax Act, 1922 (11 of 1922), the Central Government hereby directs that all provisions of the annexed agreement for the avoidance of double taxation of income of enterprises operating aircraft which has been concluded between the Government of India and the Swiss Federal Council shall be given effect to in the Union of India. AGREEMENT BETWEEN THE GOVERNMENT OF INDIA .....

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..... r transport means the business of transporting by air persons, livestock, goods or mail carried on by the owner or hirer or character of aircraft; (b) Indian enterprises means the Government of India, individuals resident in India and not resident in Switzerland and corporations, partnerships, Hindu Undivided Families or associations of persons constituted under the laws of and managed and control .....

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..... ircraft, of 1st October, 1932. (g) The term internal traffic shall mean traffic which originates and terminates within Switzerland or within India, respectively. ARTICLE III (1) All Income derived from the business of air transport by Swiss enterprises engaged in such business shall be exempt from Indian tax. This clause shall not, however, apply to income arising as a result of internal traffic i .....

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..... t: (a) In India for any year of assessment beginning on or after the 1st April, 1958. (b) In Switzerland for any taxable year beginning on or after the 1st January, 1957. ARTICLR V This agreement shall continue in effect for an indefinite period of time but either of the contracting Governments may, on or before the 30th September in any calendar year, give to the other contracting Government writ .....

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