India published a notification in the Official Gazette on 1 April 2021 regarding the income tax treaty with Iran, including that the treaty entered into force on 29 September 2020.
The treaty, signed 17 February 2018, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Indian income tax, including any surcharge thereon, and Iran income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an ent…