Direct Tax Avoidance Agreements

Thailand

Article 29

ENTRY INTO FORCE

1.      The Contracting States shall notify each other in writing, through diplomatic channels, of the completion of the procedures required by the respective laws for the entry into force of this Agreement.

2.      This Agreement shall enter into force on the date of the later of the notifications  referred to in paragraph 1 of this Article.

3.      The provisions of this Agreement shall have effect:

(a) In India, in respect of income derived in any fiscal year beginning on or after the first day of April next following the calendar year in which the Agreement enters into force.

(b) In Thailand,

(i)      in respect of taxes on income withheld at source, on amounts of income derived on or after the first day of January in the calendar year next following the year in which the Agreement enters into force; and

(ii)      in respect of other taxes on income, on such taxes chargeable for any tax year or accounting period, beginning on or after the first day of January in the calendar year next following the year in which the Agreement enters into force.

4.     The Convention between the Government of the Republic of India and the Government of the Kingdom of Thailand for the avoidance of double taxation and the prevention  of fiscal  evasion with respect to taxes on income including the Memorandum of Understanding signed at New Delhi on the 22"d day of March, 1985      shall cease to have effect when the provisions of this Agreement become effective in accordance with the provisions of paragraph 3.