CBDT notifies Protocal Amending India-Israel DTAA/ Convention

Protocal Amending Convention/ DTAA between India and Israel notified by CBDT vide Income Tax Notification No. 10/2017 dt. 14 Feb. 2017

CBDT has notified the Protocol between India and Israel amending convention/ DTAA between them for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes of income and on capital, applicable w.e.f. 1 April, 2017, as under:

CBDT Notification 10/2017 Income Tax dt. 14 Feb. 2017

S.O. 441(E).—Whereas, a Protocol amending the Convention and the Protocol between the Republic of India and the State of Israel for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income and on capital was signed at Jerusalem, Israel on the 14th day of October, 2015 (hereinafter referred to as the said Protocol);

And whereas, the said Protocol has entered into force on the 19th day of December, 2016, being the date of the last notification of the completion of the procedures as required by the respective laws for entry into force of the said Protocol, in accordance with Article 6 of the said Protocol;

And whereas, clause (a) of Article 6 of the said Protocol provides that the provisions of the Protocol shall have effect in India in respect of taxes on income, and taxes on capital, for fiscal year beginning on or after the first day of April next following the date on which the said Protocol enters into force;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that all the provisions of the said Protocol between the Republic of India and the State of Israel for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes of income and on capital, as set out in the Annexure hereto, shall be given effect to in the Union of India.

ANNEXURE

PROTOCOL AMENDING THE CONVENTION AND THE PROTOCOL

BETWEEN

THE REPUBLIC OF INDIA AND THE STATE OF ISRAEL

FOR THE AVOIDANCE OF DOUBLE TAXATION AND

FOR THE PREVENTION OF FISCAL EVASION

WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL

SIGNED ON 29TH JANUARY, 1996

.. contd… (please refer attachment)

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