Sri Lanka, July 19 -- The Protocol amending the Agreement between the Indian and Sri Lankan Governments to prevent double taxation and fiscal evasion with regard to income taxes has come into effect, the Centre in New Delhi has notified. India and Sri Lanka were obligated by Article 3 of the Protocol to inform each other via diplomatic channels when their respective domestic legal processes were finished.

The Protocol came into effect on June 19, this year, which was the 30th day following the date of the subsequent notification confirming adherence to the two nations' completion of the necessary procedures. The Protocol's rules will apply to income earned in India during any fiscal year starting on or after April 1 of the year the Prot...