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of <h1>Finance Bill 2020 amends Section 90A to prevent tax evasion in international agreements, effective April 2021.</h1> Clause 42 of the Finance Bill, 2020 amends section 90A of the Income-tax Act, addressing agreements for double taxation relief between specified associations in India and those in territories outside India. The amendment specifies that such agreements must prevent opportunities for non-taxation or reduced taxation through evasion or avoidance, including treaty-shopping for indirect benefits. This change, effective from April 1, 2021, applies to the assessment year 2021-2022 and onwards, ensuring that double taxation relief does not facilitate tax evasion or avoidance.
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