Section 10 - Amendment of section 40

Tax relief inclusion: payments deemed to include amounts eligible for double taxation relief and deductions from Indian tax payable.

The amendment adds explanatory clauses to clause (a) of section 40 declaring that any sum paid on account of any rate or tax levied shall be deemed to include amounts eligible for relief under double taxation relief provisions and amounts allowable as deductions from Indian tax payable, and further extends that deeming treatment to sums eligible for relief under the subsequently introduced international relief provision.