Double taxation relief: amendment expands treaty partners to include territories outside India for wealth-tax agreements. The amendment alters the Explanation to section 44A to permit the Central Government to enter into agreements for avoidance or relief of double taxation ... Summary
Double taxation relief: amendment expands treaty partners to include territories outside India for wealth-tax agreements.
The amendment alters the Explanation to section 44A to permit the Central Government to enter into agreements for avoidance or relief of double taxation in respect of wealth-tax with foreign countries and with any territory outside India notified by the Central Government, thereby extending treaty-making power to include notified territories.
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