Double Taxation Relief in India and Foreign Tax Credit

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AGREEMENT WITH FOREIGN COUNTRIES OR SPECIFIED TERRITORIES – BILATERAL RELIEF – SECTION 90 (1)

  1. Central Government may enter into an agreement, with the Government of any country outside India or specified territory outside India, —
    • For GRANTING OF RELIEF in respect of –
      • Income, where income-tax has been paid both in India and in country of residence of taxpayer or specified territory; or
      • income-tax chargeable under the IT Act and under the corresponding law in force in that country or specified territory to promote mutual economic relations, trade and investment; or

 

AGREEMENT WITH FOREIGN COUNTRIES OR SPECIFIED TERRITORIES – BILATERAL RELIEF – SECTION 90

a. for AVOIDANCE OF DOUBLE TAXATION of income,
under the IT Act, 1961 and under the corresponding law in force in that country or specified territory; or

b. for EXCHANGE OF INFORMATION for –

prevention of evasion or avoidance of income-tax chargeable under the IT Act, 1961 or under the corresponding law in force in that country or specified territory or

investigation of cases of such evasion or avoidance; or

c. RECOVERY of income-tax.

 

 

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