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of <h1>Clause 159 of Income Tax Bill 2025 enables international agreements for double taxation relief, prioritizing favorable terms over domestic law.</h1> Clause 159 of the Income Tax Bill, 2025, allows the Central Government to enter into agreements with foreign countries or specified territories to provide double taxation relief. These agreements can be made with governments or specified associations and aim to grant relief on income taxed in both jurisdictions, avoid double taxation, exchange information to prevent tax evasion, and facilitate tax recovery. The agreements' terms take precedence over domestic law if they are more beneficial to the taxpayer. Foreign companies are not considered less favorably taxed if charged at higher rates than domestic companies. Definitions within agreements are prioritized, and non-resident assessees must provide residency certificates to claim relief. Specified associations and territories are designated by the Central Government.
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