The Indian Ministry of Finance has issued a notification that the protocol to the 1996 income and capital tax treaty with Israel entered into force on 19 December 2016. The protocol, signed 14 October 2015, is the first to amend the treaty and 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 partn…