Double taxation relief expanded to include income taxed domestically and under corresponding foreign laws promoting trade and investment. The amendment broadens relief from double taxation to cover income taxed both domestically and in the foreign jurisdiction and income chargeable under domestic law and under corresponding foreign laws enacted to promote mutual economic relations, trade and investment. It also provides that terms not defined in the statute or agreement shall, unless inconsistent, have the meaning assigned in a Central Government notification.
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Double taxation relief expanded to include income taxed domestically and under corresponding foreign laws promoting trade and investment.
The amendment broadens relief from double taxation to cover income taxed both domestically and in the foreign jurisdiction and income chargeable under domestic law and under corresponding foreign laws enacted to promote mutual economic relations, trade and investment. It also provides that terms not defined in the statute or agreement shall, unless inconsistent, have the meaning assigned in a Central Government notification.
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