https://www.taxtmi.com/acts?id=6466 Where an assessee's net wealth includes foreign wealth and tax has been paid in a country without a reciprocal arrangement under section 44A, the assessee may deduct from Indian wealth-tax an amount calculated on the doubly taxed foreign wealth at the lower of the Indian rate of tax or the rate of tax of the said country (or at the Indian rate if both rates are equal). The section defines Indian wealth-tax, Indian rate of tax, rate of tax of the said country, and foreign wealth for this calculation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 11:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6466 Where an assessee's net wealth includes foreign wealth and tax has been paid in a country without a reciprocal arrangement under section 44A, the assessee may deduct from Indian wealth-tax an amount calculated on the doubly taxed foreign wealth at the lower of the Indian rate of tax or the rate of tax of the said country (or at the Indian rate if both rates are equal). The section defines Indian wealth-tax, Indian rate of tax, rate of tax of the said country, and foreign wealth for this calculation. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6466