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of <h1>Section 90A: Indian Associations Can Enter Agreements for Tax Relief with Foreign Entities to Prevent Double Taxation.</h1> Section 90A of the Income-tax Act, introduced by the Finance Act, 2006, allows specified associations in India to enter into agreements with similar entities in designated foreign territories for double taxation relief. The Central Government can notify and implement these agreements, which aim to provide tax relief, avoid double taxation, exchange information to prevent tax evasion, and facilitate tax recovery. The provisions of the Act apply to the extent they are beneficial to the assessee involved in such agreements. Terms not defined in the Act or agreements will follow definitions provided in government notifications. The section clarifies that higher tax rates on foreign companies do not constitute unfavorable treatment.
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