BareLaws
SECTION

Section 90A — Adoption by Central Government of agreement between specified associations for double

From: The Income-tax Act, 1961

90A. Adoption by Central Government of agreement between specified associations for double taxation relief.

(1)Any specified association in India may enter into an agreement with any specified association in the specified territory outside India and the Central Government may, by notification in the Official Gazette, make such provisions as may be necessary for adopting and impl ementing such agreement -
(a)for the granting of relief in respect of -
(i)income on which have been paid both income -tax under this Act and income -tax in any specified territory outside India; or
(ii)income -tax chargeable under this Act and under the corresponding law in force in that specified territory outside India to promote mutual economic relations, trade and investment, or
(b)for the avoidance of double taxation of income under this Act and under the corresponding law in force in that specified territory outside India, or
(c)for exchange of information for the prevention of evasion or avoidance of income -tax chargeable under this Act or under the corresponding law in force in that specified territory outside India, or investigation of cases of such evasion or avoidance, or