This Agreement shall remain in force indefinitely until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement.
In such event the Agreement shall cease to have effect:
- (a) In India, in respect of income derived in any fiscal year on or after the first day of April next following the calendar year in which the notice is given.
- (b) In Thailand:
- (i) in respect of taxes on income withheld at source, on amounts of income derived on or after in first day of January in the calendar year next following the year in which the notice is given; and
- (ii) in respect of other taxes on income, on such taxes chargeable for any tax year or accounting period beginning on or after the first day of January in the calendar year next following the year in which the notice is given.
IN WITNESS WHEREOF, the undersigned duly authorized thereto, have signed this Agreement.
DONE in duplicate at Bangkok on this 29th day of June, two thousand and fifteen Year of the Christian Era, in Hindi, Thai and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.