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Article 1 - Personal Scope - HungaryExtract DOUBLE TAXATION AVOIDANCE AGREEMENT WITH HUNGARY NOTIFICATION NO. 197(E), DATE 31-3-2005 Whereas the annexed Convention between the Government of the Republic of India and the Government of the Republic of Hungary for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, has come into force on the 4th day of March, 2005, thirty days after the receipt of the later of the notifications by both the Contracting States to each other, under Article 28 of the said Convention, of the completion of the procedures required under their respective laws for the entry into force of this convention. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby directs that all the provisions of the said Convention shall be given effect to in the Union of India. ANNEXURE Agreement between the Republic of India and the Republic of Hungary for the Avoidance of Double Taxation and the Prevention of fiscal evasion with respect to taxes on income The Republic of Hungary and the Republic of India desiring to conclude a Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and with a view to promoting economic cooperation between the two countries, have agreed as follows: Article 1 : Personal Scope This Convention shall apply to persons who are residents of one or both of the Contracting States.
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