 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|||||||||||||||
|
|||||||||||||||
|
|
The Central Government, under Section 90 of the Income Tax Act, has entered into double tax avoidance agreements (hereinafter refered to as Tax Treaties ) with other countries. These Tax Treaties serve the purpose of providing protection to tax-payers against double taxation and thus preventing any discouragement which the double taxation may otherwise promote in the free flow of international trade, international investment and international transfer of technology. These treaties aim at preventing discrimination between the tax-payers in the international field and providing a reasonable element of legal and fiscal certainity within a legal framework. In addition, such treaties contain provisions for mutual exchange of information and for reducing litigation by providing for mutual assistance procedure.
The Central government has so far entered into agreements with the following countries and which have become operative with effect from the assessment years mentioned against them:-
INDIA'S COMPREHENSIVE DOUBLE TAXATION AVIODANCE AGREEMENTS (NOTIFIED SO FAR IN THE GAZETTE OF INDIA) [AS ON 27TH JANUARY, 1999]
Abbreviations (O) : Old Agreements (R) : Revised Agreements (SP) : Supplementary Protocol (P) : Protocol (EoN) : Exchange of Notes
Note: * In respect of South Korea, the Agreement has been initialled at the delegation level on 8-9-1983
** The Agreement with U.S.S.R. was extended by a notification to the Russian Federation until the new Agreement comes into force.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Terms | What is PAN ? | Tax Rates | Tax Deduction at Source | Important Procedures | Income Tax Act | Income Tax Rules| | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
