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 Act 2003 amends Section 90 for tax relief on dual-taxed income; new sub-section defines terms via notifications.</h1> Section 90 of the Income-tax Act is amended by the Finance Act, 2003, effective from April 1, 2004. The amendment replaces clause (a) in sub-section (1) to provide relief for income taxed both under this Act and in another country, or income-tax chargeable under both jurisdictions to encourage mutual economic relations, trade, and investment. Additionally, a new sub-section (3) is inserted, stating that any undefined term in the Act or agreement will have the meaning assigned in the notification by the Central Government, unless contextually inappropriate or inconsistent with the Act or agreement.
TaxTMI 
TaxTMI 
