TMI BlogGeneral definitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... equires but shall not include any amount which is payable in respect of any default or omission in relation to the taxes to which this Convention applies or which represents a penalty imposed relating to those taxes; (d) the term fiscal year in relation to Indian tax means previous year as defined in the Income-tax Act, 1961 (43 of 1961) and in relation to United Kingdom tax means a year beginn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (i) the term competent authority means, in the case of the United Kingdom, the Commissioners of Inland Revenue or their authorised representative, and in the case of India, the Central Government in the Ministry of Finance (Department of Revenue) or their authorised representative; (j) the term international traffic means any transport by a ship or aircraft operated by an enterprise of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecember, 2013 , before it was read as:- (f) the term person includes an individual, a company and any other entity which is treated as a taxable unit under the taxation laws in force in the respective Contracting States, but, subject to paragraph 2 of this Article, does not include a partnership; 2. Deleted vide NOTIFICATION NO. 10/2014 , DATED 10-2-2014 , w.e.f. 27th day of December, 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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