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of <h1>Amendment to Section 90A Clarifies Double Taxation Relief Terms in Finance Bill 2017, Effective April 2018</h1> Clause 40 of the Finance Bill, 2017 amends section 90A of the Income-tax Act, effective April 1, 2018. It clarifies that terms used in agreements for double taxation relief, if defined within the agreement, will adopt that definition. If not defined in the agreement, the term will take the meaning assigned in the Income-tax Act or any explanation by the Central Government. This amendment aims to standardize interpretations for agreements between specified associations in India and those in foreign territories, facilitating relief from double taxation and enhancing information exchange to prevent tax evasion.
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