The protocol to the 1996 income and capital tax treaty between India and Israel was signed on 14 October 2015. Changes Made The protocol makes the following changes: Replaces paragraph 4 of Article 14 (Capital Gains), so that gains from the alienation of shares, or an interest in a partnership, trust or other entity, deriving more than 50% of their value directly or indirectly from immovable property situated in a Contracting State may be taxed in that State; Removes paragraphs 3 and 4 of Article 24 (Elimination of Double Taxation), which include the provisions that a credit of 15% of...