DTAA definition
Examples of DTAA in a sentence
Further in case of foreign Contractor, certain benefits of Income Tax may be available to him in his country under Double Taxation Avoidance Agreement (DTAA).
In additional to TRC, in order to claim the benefits of DTAA, bidder shall also submit additional information in form no.
Section 90 is for taxpayers who have paid the tax to a country with which India has signed DTAA, while Section 91 provides relief to tax payers who have paid tax to a country with which India has not signed a DTAA.
Agreement on Double Taxation and Prevention of Fiscal Evasion [DTAA] Signed during the visit of Prime Minister to Tanzania from 26-28 May, 2011.
Such funds shall be held in trust by the Company for the benefit of the Investor until (a) the Closing upon the satisfaction, in the sole judgment of the Placement Agent, of the conditions set forth in Section 3.2(b) hereof and (b) until the Company has irrevocably directed its Transfer Agent to credit the Investor’s account or accounts with the Shares pursuant to the information contained in the DWAC (as defined below), at which time the funds shall become the Company’s sole and exclusive property.
To address this challenge, countries enter into bilateral agreements known as Double Taxation Avoidance Agreements (DTAA).
Section 91 is for those countries with which India does not have a DTAA.
An NRI can avail tax benefits with the help of DTAA, as his earnings in India are taxed as per the rates decided in agreement.
By avoiding double taxation, DTAA promotes economic cooperation, cross-border investments, and trade between the signatory countries.
US model Convention & Indian Model • In this Treaties Importance has been given to • deals with those provisions involving taxpayers who have paid tax to another country with which India has a DTAA.