Direct Tax Avoidance Agreements

                                                                                                      UAR (Egypt)

Chapter VI - Final Provisions

Article XXIX - Entry into force - 1. This Convention shall be ratified and the instruments of ratification shall be exchanged at New Delhi as soon as possible.

2. This Convention shall enter into force on the date of the exchange of the instruments of ratification and its provisions shall have effect

(a) in India,

(i)  in the case of income derived from operation of aircraft (referred to in article VIII), as respects such income derived during any previous year beginning on or after the first day of January, 1961 ;

(ii) in the case of any other income, as respects income derived during any previous year beginning on or after the first day of January of the calendar year in which the exchange of the instruments of ratification takes place.

(b) in the United Arab Republic,

(i)  in the case of income from operation of aircraft (referred to in article VIII), as respects such income derived during any accounting period ending on or after the first day of January, 1961 ;

(ii) in the case of any other income,

(1) as respects tax on income from movable capital and tax on wages, salaries, indemnities and pensions, which taxes are due on or after the date on which the exchange of the instruments of ratification takes place ;

(2) as respects tax on commercial and industrial profits for any accounting period ending on or after the date on which the exchange of the instruments of ratification takes place ;

(3) as respects tax on income derived from immovable property (including the land tax, the buildings tax and the ghaffir tax), tax on profits from liberal professions and all other non-commercial professions and the general income-tax for the calendar year in which the exchange of the instruments of ratification takes place.

The rules in sub-paragraph (b) of this paragraph shall be correspondingly applicable respectively to the defence tax, national security tax and to the supplementary taxes.