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of <h1>Section 90 Amended: Central Government Can Forge Tax Agreements with Foreign Entities for Evasion Prevention and Double Taxation Relief.</h1> Section 90 of the Income-tax Act is replaced to allow the Central Government to enter agreements with foreign governments or specified territories for tax relief, avoidance of double taxation, exchange of information to prevent tax evasion, and recovery of income tax. These agreements can be implemented through notifications in the Official Gazette. The Act's provisions will apply if they are more beneficial to the taxpayer. Terms not defined in the Act or agreement will have meanings as notified by the Central Government. A higher tax rate for foreign companies than domestic ones is not considered unfavorable. 'Specified territory' is defined as areas outside India notified by the Central Government.
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