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Article 31 - Termination - DenmarkExtract Article 31 : Termination This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention, through diplomatic channels, by giving written notification of termination on or before the thirtieth day of June of any calendar year following after the period of five years from the year in which the Convention enters into force. In such event, the Convention shall cease to have effect, in respect of tax for the income year beginning on or after 1st January in the calendar year next following the year in which the notification is given and subsequent income years. IN WITNESS WHEREOF the undersigned, being duly authorised thereto, have signed the present Convention. Done in duplicate at Copenhagen this 8th day of March, one thousand nine hundred and eighty nine in the Hindi, Danish and English languages, all the texts being equally authentic. In case of divergence between any of the texts, the English text shall be the operative one. (Sd.) R.C. Sukla For Government of Republic of India (Sd.) Jens Rosman For Government of Kingdom of Denmark, (Sd.) P.K. Appachoo Joint Secretary to the Government of India PROTOCOL The Government of India and the Government of the Kingdom of Denmark : Having entered into a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital : Have agreed, at the time of signing the said Convention, on the following provisions which shall constitute an integral part thereof : (1) For the purposes of paragraph 3(e) of Article 23, it is understood that the rates of tax specified therein shall in no case exceed the rate of withholding tax applicable to such categories of income under the Indian tax laws. (2) For the purposes of Article 27, a request for assistance in collection of taxes due from a taxpayer shall not be made unless such taxes aggregate to 2000 Danish Crowns or its equivalent in Indian currency or more. 1 [3. With reference to Article 26, it is understood that as stated in paragraph 9.1 of OECD commentary on Article 26, the new wordings (as per 2010 version) of Article 26 covers Tax Examinations Abroad.] IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed the present Protocol Done in duplicate at Copenhagen this 8th day of March one thousand nine hundred eighty-nine in Hindi, Danish and English languages, all the texts being equally authentic. In case of divergence between the three texts, English text shall be the operative one. (Sd.) R.C. Sukla For Government of Republic of India (Sd.) Jens Rosman For Government of Kingdom of Denmark, (Sd.) P.K. Appachoo Joint Secretary to the Government of India PROTOCOL At the moment of signing the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital between the Government of the Republic of India and the Government of the Kingdom of Denmark, the signatories have agreed that the following provisions shall form an integral part of the Convention : 1. The Convention has been extended to apply in its entirety to the territory of the Faroe Islands. 2. In the Convention the terms the Kingdom of Denmark and Denmark shall also apply to the Faroe Islands unless the context otherwise requires. 3. The taxes which in pursuance of the present Protocol are the subject of the Convention shall include the following taxes which are levied on the Faroe Islands : (a) Skat til landskassen (the provincial income-tax); (b) Kommunalindkomstaskat (the communal income-tax); (c) Kirkeskat (the Church tax); (d) Udbytteskat (tax on dividends); (e) Ejendomsavanceafgift (tax on profit from real estate); (f) Royaltyafgift (tax on royalty). 4. The term competent authorities means in the case of the Faroe Islands the Faroe Local Government or the authority which on behalf of the Local Government has been authorized to handle questions with reference to the Convention. 5. This Protocol shall enter into force on and have effect from the same date as the Convention. In witness whereof the undersigned, duly authorized thereto, have signed the present Protocol. 6. Done in duplicate at Copenhagen this 8th day of March one thousand nine hundred and eighty-nine in Hindi, Danish and English languages, all the texts being equally authentic. In case of divergence between any of the texts, the English text shall be the operative one. (Sd.) R.C. Sukla For Government of Republic of India (Sd.) Jens Rosman For Government of Kingdom of Denmark, (Sd.) P.K. Appachoo Joint Secretary to the Government of India [No. 8460/F. No. 505/3/81-FTD] Wealth Tax Act, 1957 : Notification under section 44A, Expln. : Declaration of Kingdom of Denmark to be reciprocating country for purpose of the Act In exercise of the powers conferred by the Explanation to section 44A of the Wealth-tax Act, 1957 (27 of 1957), the Central Government hereby declares Denmark to be a reciprocating country for the purposes of that Act. (Sd.) P.K. Appachoo, Joint Secretary to the Government of India [No. 8461/F. No. 505/3/81-FTD] ---------------------- Notes:- 1. Inserted vide Not. 45/2015 - Dated 22-5-2015, w.e.f. first day of February, 2015,
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