TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2015 amends Section 295 of Income-tax Act to allow rules for foreign tax relief from June 1, 2015.</h1> Clause 78 of the Finance Bill, 2015, amends section 295 of the Income-tax Act to empower the Board to establish rules for granting relief or deductions for income tax paid in foreign countries or specified territories. This amendment, effective from June 1, 2015, involves inserting a new clause in sub-section (2) of section 295, allowing the Board to specify procedures under sections 90, 90A, or 91 for offsetting foreign tax against Indian income tax liabilities. The existing provisions authorize the Board to make rules for implementing the purposes of the Act across India.
TaxTMI 
TaxTMI 
