TMI BlogIndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... s as set out in the Annexure hereto, for the avoidance of double taxation of income of enterprises operating aircraft; Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), ad section 24A of the Companies(Profits) Surtax Act, 1964(7 of 1964), the Central Government hereby that all the provisions of the said Agreement shall be given effect to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome derived from the operation of aircraft by the airlines of Afghanistan shall be exempt from the Income-tax. (3) The exemption provided for in paragraphs (1) and (2) above shall also apply in respect of participation in apply of any kind regarding air transport by the airlines of India or Afghanistan; the exemption shall not, however, apply to income from operation of aircraft in internal t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he tax laws of India. (b) The term Afghanistan tax means the Income-tax and the business transaction tax imposed by the Income-Tax Law of Afghanistan (c) The terms Indian tax and Afghanistan tax shall also include any identical or substanitally similar taxes which are imposed thereafter by India or Afghanistan in addition to or in place of the existing taxes. (d) The term air ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sons, livestock, goods or mail, carried on by the owners or lessors or charters of aircraft, including the sale of tickets for such transpiration on behalf of other enterprises and any other activity directly connected with such transportation. aircraft, which shall enter into force on the date of Your Excellency's reply and shall remain in force on the date of Your Excellency's reply and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment years; and (b) in Afghanistan in respect of income assessable for the taxable year commencing on the 1st f Hamal, corresponding to the 21st day of March, in the second calendar year following the calendar year in which the notice is given and the subsequent taxable years. I avail myself of this opportunity to renew to Your Excellency the assurances of my hightest consideration. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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