Double Taxation Avoidance Agreement With Kuwait

http://www.theentrepreneurpowerhour.com/privatemembers/9c9dkfg/ Legislation in one of the contracting states continues to govern the placement and taxation of income in contracting states, unless expressly provided for by this agreement. For this reason, in the exercise of the powers conferred by Section 90 of the Income-tax Act, 1961 (43 of 1961) and Section 24A of the Companies (Profits) Sur-tax Act, 1964 (7 of 1964), the central government orders that all provisions of that agreement take effect in the Indian Union. 1. This agreement is approved in accordance with the legislation in force in each contracting state. It will come into force thirty days after the exchange of letters certifying that due process is carried out in each State party. The exchange of letters is to take place in New Delhi. The Indian government and the Kuwaiti government intend to reach an agreement to avoid double taxation of international air transport revenues. 3. For the purposes of paragraph 1, the interests of funds directly related to the operation of aircraft in international traffic are considered revenues from aircraft operations. g. the term “aircraft operation”: any air transport of persons, livestock, luggage, cargo or mail, and includes the sale of tickets and route invoices for that transport for the company itself or for any other business engaged in such activities.

https://serial-cooker.com/si7375ckm77/ G.S.R. 302 (E). -The annexed agreement between the Government of the Republic of India and the Government of the State of Kuwait to avoid the double taxation of international air transport revenues, which comes into force when the two States Parties notify the procedures under Article 5 of that Convention, enters into force. 3. No action would be taken to reopen the evaluations for the period prior to 1.1.1967. Agreement between the Government of the Republic of India and the Government of the State of Kuwait to avoid double taxation of international air transport revenues. b. the term “India” refers to the area of India and includes the coastal sea and airspace, as well as all other maritime areas on which are included in territorial waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zone Act, 1976 (Act No.