Double taxation relief and tax information exchange enable agreements to prevent evasion and provide beneficial application to taxpayers.

Central Government may enter into agreements with foreign countries or notified specified territories to grant relief for income taxed in both jurisdictions, to avoid double taxation, to exchange information and investigate or prevent tax evasion or avoidance, and to provide for recovery of tax; implementing provisions and definitions may be made by notification, and where an agreement applies the Act's provisions operate to the extent more beneficial to the assessee, with clarification that higher tax rates for foreign companies do not amount to a less favourable levy.

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