DTAA supersedes I T Act !

DTAA supersedes I T Act !
Payment to non resident requires compliance of section 195 of the Income Tax Act , that requires that before remitting , tax at source ( withholding tax) must be deducted and deposited. It is also a fact that there are double tax avoidance agreement signed with many countries under which government of India has agreed on a different rates. So confusion in minds of deductor as well as tax authorities remain whether to adopt the provision under Income Tax

How Tax Residency Certificate (TRC) Can be Obtained by Resident of India?

How Tax Residency Certificate (TRC) Can be Obtained by Resident of India?
The tax residency certificate is an important document for seeking tax relief by a tax resident of one country from another country with which there exists Double Taxation Avoidance Agreement. This document- Tax Residency Certificate – is an authentic document that certifies your claim of being a resident of the country. While Section 90 and 90A deal with tax relief to non resident and also for avoidance of double taxation , Rule 21AB of Income Tax Rule prescribes manner

If You Faced Tax Discrimination in a Foreign Country , Invoke This Law !

If You Faced Tax Discrimination in a Foreign Country , Invoke This Law !
Tax discrimination can take place anywhere in the world .Indians are working in many countries and many go abroad for short duration for a job or service and come back.In many cases , the Indian remains resident within meaning of Income Tax Act. Let us say , the tax authorities are imposing tax on any earning or deducting the tax at source.You protest them that there is an agreement between India and that foreign country under which your income

DTAA Between India and Albania

SECTION 90 OF THE INCOME-TAX ACT, 1961 – DOUBLE TAXATION AGREEMENT – AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES – ALBANIA NOTIFICATION NO.2/2014 /SO 47(E), DATED 6-1-2014 1. Whereas, an agreement (hereinafter referred to as the said agreement) was entered into between the Government of the Republic of India and the Council of Ministers of Republic off Albania for the avoidance of double taxation and the prevention of fiscal evasion with respect