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December 2008

Article 11 of India Japan modified : Notification No. 96/2008 dated 8-10-2008.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
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9 Article 11 of India Japan modified :
Notification No. 96/2008 dated 8-10-2008.


Article 11 deals with interest clause in the tax treaty. It
has been modified to alter the definition of Central Bank and financial
institution wholly owned by the Government to replace Japan Bank for
International Co-operation with International business unit of Japan Finance
Corporation.

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