How the relief of double taxation is allowed when a person resident in India, in any previous year, has paid tax in any country with which India has no bilateral agreement under section 90?

CS Executive · Tax Laws and Practice · PYQS · December 2018
How the relief of double taxation is allowed when a person resident in India, in any previous year, has paid tax in any country with which India has no bilateral agreement under section 90?
(A) Lower of tax paid in India and tax paid in foreign country
(B) Higher of tax paid in India and tax paid in foreign country
(C) Lower of average Indian Income tax rate or the average Foreign tax rate
(D) Higher of average Indian Income tax rate or the average Foreign tax rate

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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