India, Austria Sign Fresh Double Taxation Avoidance Treaty

India and Austria today entered into a new agreement for avoidance of double taxation and prevention of fiscal evasion.

According to an official release, the revised convention will become applicable in India from April 1, 2002, and in Austria from January 1, 2002.

The document in this regard was signed by Central Board of Direct Taxes chairman OP Srivastava and Austrian ambassador to India Herbert Traxl.

The revised convention will cover income tax in case of India and income tax as well as corporation tax in case of Austria.