Section 90 Of Income Tax Act

1 short title 2 part i income tax 2 division a liability for tax 3 division b computation of income 3 basic rules 5 subdivision a income or loss from an office or employment 5 basic rules 6 inclusions 8 deductions 9 subdivision b income or loss from a business or property 9 basic rules 12 inclusions 18 deductions 22 ceasing to carry on business.

Section 90 of income tax act. More and more numbers of indians are going abroad to earn their bread and butter. Calculation of relief under section 90 91. Section 90 is intended for granting relief with reference to any of the following relevant situations that may occur.

Relief allowed under section 90 91 is lower of following accounts. Section 90 of income tax act 1961 contains provisions relating to double taxation relief to provide for tax relief from taxing an income twice. Section 4 1 c of the premier vesting act no.

1 tax paid on double taxed income outside india. Now therefore in exercise of the powers conferred by sub section 1 of section 90 of the income tax act 1961 43 of 1961 the central government hereby notifies that all the provisions of said agreement as annexed hereto shall be given effect to in the union of india. Section 90 of income tax act 1961 agreement with foreign countries or specified territories is defined under section 90 of income tax act 1961.

The government of the republic of india. 1 the central government may enter into an agreement with the. 3 the central government may enter into an agreement with the government of any country outside india for the granting of relief in respect of income on which have been paid both income tax under this act and income tax in that country or.

Income on which tax has been paid both under income tax act 1961 and income tax prevailing in that country or definite territory. As a result they are earning from foreign countries and from the home country too. This gives rise to double taxation.

Section 90 of income tax act agreement with foreign countries or specified territories section 90. 2 tax payable on double taxed income under income tax act. Ii income tax chargeable under this act and under the corres ponding 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.