Direct Tax Avoidance Agreements

                                                                                                                              UAE

¹Article 31 - Entry into force - 1. Each of the Contracting States shall notify to the other completion of the proceedings required by its law for the bringing into force of this Agreement. The Agreement shall enter into force on the date of the later of these notifications and shall thereupon have effect

(a) in the United Arab Emirates :

in respect of income derived on or after the 1st January next following the calendar year in which the Agreement enters into force and in respect of capital which is held at the expiry of the calendar year next following that in which the agreement enters into force or subsequent years ;

(b) in India :

in respect of income arising in any previous year beginning on or after 1st April next following the calendar year in which the Agreement enters into force and in respect of capital which is held at the expiry of any previous year beginning on or after 1st April next following the calendar year in which the Agreement enters into force.

Note :

1. Article 31 has been re-numbered vide Notification No. 282/2007 dated 28/11/2007 Income tax before it was read as "Article 30"(w.e.f. 1st day of April, 2008)