Examine and state the correctness or otherwise of each of the following statements in the context of provisions contained under the Income-tax Act, 1961 by giving brief reasons/contents : (i) Double taxation avoidance tr
CS Professional · Direct Tax Law & Practice · PYQS · December 2019
Examine and state the correctness or otherwise of each of the following statements in the context of provisions contained under the Income-tax Act, 1961 by giving brief reasons/contents : (i) Double taxation avoidance treaties (DTAA) entered into by the Government of India do not override the domestic law in force.
Answer & Explanation:
Incorrect: Section 90(2) of the Income Tax Act, 1961 provides that where a double taxation avoidance treaty (DTAA) is entered into by the Government of India, the provisions of Income Tax Act, 1961 would apply to the extent they are more beneficial to the assessee.
Topics: International Taxation
Related Questions in this Topic
- Ayush Motors Limited an Indian Company declared income of ₹ 300 crore computed in accordance with Chapter IV-D but befor...
- (B) Matters referred by ABC Professional Services: The partner of the firm have sought opinion in respect of the matte...
- (B) Matters referred by ABC Professional Services: The partner of the firm have sought opinion in respect of the matte...
- (B) Matters referred by ABC Professional Services: The partner of the firm have sought opinion in respect of the matte...
- Examine and state the correctness or otherwise of each of the following statements in the context of provisions containe...