Notification under section 90 of the Income tax Act 1961

Last updated: 03 November 2023

Notice Date : 01 November 2023

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 1st November, 2023
(Income- Tax)

S.O. 4756(E).—Whereas, an Agreement between the Government of the Republic of India and the Government of Saint Vincent and the Grenadines for the Exchange of Information and Assistance in collection with respect to taxes, was signed at Kingstown, Saint Vincent and the Grenadines on the 19th day of May of 2022, as set out in the Annexure to this notification (hereinafter referred to as the Agreement);

And whereas, the said Agreement entered into force on the 14th day of February, 2023, being the date of the later of the notifications of the completion of the procedures required by the respective laws of the contracting states for entry into force of the said agreement, in accordance with paragraphs 1 and 2 of Article 12 of the Agreement,

And whereas, paragraph 2 of Article 12 of the said Agreement also provides that the Agreement shall have effect forthwith after the date of entry into force;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that all the provisions of said Agreement, as annexed hereto, shall be given effect to in the Union of India.

For full notification please refer to the attachment.