Double taxation relief procedure clarifies granting of relief for foreign income tax paid under tax treaty or domestic provisions. Amendment institutes a procedural rule for claiming relief or deduction of foreign income-tax paid, specifying that taxpayers may obtain relief under tax ... Summary
Double taxation relief procedure clarifies granting of relief for foreign income tax paid under tax treaty or domestic provisions.
Amendment institutes a procedural rule for claiming relief or deduction of foreign income-tax paid, specifying that taxpayers may obtain relief under tax treaty provisions or domestic statutory mechanisms when computing liability under the Income-tax Act and requiring a defined procedure for granting such relief or deduction of tax paid in any country or specified territory outside India.
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