Article 31 - Termination - Sri Lanka

ARTICLE 31 TERMINATION This Agreement shall remain in force indefinitely until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement. In such event, the Agreement shall cease to have effect: (a) In India, in respect of income derived in any fiscal year on or after the first day of April next following the calendar year in which the notice is given; and (b) In Sri Lanka, in respect of income derived in any taxable year on or after the first day of April next following the calendar year in which the notice is given. IN WITNESS WHEREOF the undersigned, duly authorized thereto, have signed this Agreement. DONE in duplicate at New Delhi, this 22 nd day of January, 2013, each in the Hindi, Sinhala and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.