Tax treaty powers expanded to allow agreements for double-tax relief, information exchange and cross-border tax recovery.

The Central Government may enter into agreements with reciprocating countries for avoidance or relief of double taxation of wealth-tax, for exchange of information to prevent or investigate evasion or avoidance of wealth-tax, and for recovery of tax under this Act and corresponding foreign law, and may, by notification in the Official Gazette, make provision necessary to implement such agreements.

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