×

New to site? Create an Account


Login

Lost password? (close)

Already have an account? Login


Signup

(close)
Our Expert | Our Services | International Tax Course (DTAA) | Contact Us |
Select

Termination of Treaty – Article 30.

|

June 9, 2021 |

4 mins read

TERMINATION OF TREATY

Termination of treaty

ARTICLE 31 OF THE INDIA – US TREATY

This Convention shall remain in force indefinitely
but either of the Contracting States may,
on or before the thirtieth day of June in any calendar year beginning after the expiration of a period of five years from the date of the entry into force of the Convention,
give the other Contracting State through diplomatic channels,
written notice of termination and,
in such event, this Convention shall cease to have effect : –

International Taxation Course

Learn More about  “Article 30 – Termination of Treaty”  – Subscribe International Tax Course

(a)in the United States –
(i) in respect of taxes withheld at source, for amounts paid or credited on or after the first day of January next following the calendar year in which the notice of termination is given; and
(ii) in respect of other taxes, for taxable periods beginning on or after the first day of January next following the calendar year in which the notice of termination is given; and
(b) in India, in respect of income arising in any taxable year beginning on or after the first day of April next following the calendar year in which the notice of termination is given.

CHARACTERISTICS

  1. Both States have right to terminate a Treaty, at any time or after specified period
  2. Notice of 6 Months is generally required to be given
  3. Date of Cessation could be as per term of the agreement between Treaty Partners

Learn More about  “Article 30 – Termination of Treaty”  – Subscribe International Tax Course

Arinjay Jain

Bio of author

Arinjay is a Chartered Accountant with more than 20 years of post-qualification experience. He worked as Director, in the M&A Tax Division at KPMG in India. Presently, he is advising several MNCs in UAE on Economic Substance Regulations and impact of the UAE Corporate Tax Law on their business and clients across globe on International Tax issues . He is a well recognised Trainer of International Tax and UAE Corporate Tax. The areas of service include the following : - Advise and Compliance relating to International Tax Issues; Advise relating to UAE Corporate Tax Issues; Advise and Compliance relating to UAE Economic Substance Regulations; Advise and Compliance relating to Indian Income Tax Issues; Other connected matters from a Regulatory perspective.

LATEST ARTICLES

Section 155 and 244A of Income Tax Act – Budget 2023

Section 155 and 244A of Income Tax Act - Budget

Section 44BB and 44BBB of Income Tax Act – Budget 2023

Section 44BB and 44BBB of Income Tax Act - Budget

Section 142, 153 and 295 of Income Tax Act – Budget 2023

Section 142, 153 and 295 of Income Tax Act -

Section 241A, 244A and 245 of Income Tax Act – Budget 2023

Section 241A, 244A and 245 of Income Tax Act -

Section 170A of Income tax act – Budget 2023

Section 170A of Income tax act - Budget 2023 -

Section 54 and 54F of Income Tax Act – Budget 2023

Section 54 and 54F of Income Tax Act - Budget

Our Services

  • International Taxation

    As an International Tax Consultants, we provide services for FDI, Inbound & Outbound Investment and Transfer Pricing

  • M&A Tax Consultant

    We enhance your corporate value by providing professional advice for M&A, foreign investment and corporate restructuring

  • Income Tax Consultant

    We provide services for Income Tax Return filing, Tax Audit & Transfer Price, Taxation and Compliances, Income Tax Assessment

  • UAE Tax Consultant

    As a UAE Tax Consultants, we provide services for UAE Corporate Tax, UAE Economic Substance regulations (ESR)