Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Indo-US DTAA: Tax Collection Suspension for US Residents in MAP with Bank Guarantee Requirement under Article 27.</h1> The Indo-US Double Taxation Avoidance Agreement (DTAA) addresses the suspension of tax collection during the Mutual Agreement Procedure (MAP). Under Article 27, Indian and US authorities have agreed to suspend tax collection for US residents undergoing MAP, provided a bank guarantee is furnished equal to the disputed tax amount and interest. This arrangement allows the Assessing Officers to extend the payment deadline until the MAP concludes. If no resolution is reached, the guarantee may be invoked. Upon resolution, taxes are determined and collected as per the agreement. Officers are instructed to monitor the guarantee's validity.
TaxTMI 
TaxTMI 
