Section 90 of the Income Tax Act, which is applied when is DTAA is present. This makes sure that not a single individual who works in a company or any foreign organization pays tax twice. If an individual is working in India or in a foreign country, then the DTAA helps him or her to avoid heavy taxes. It is an agreement that helps to allow them a tax relief through a method of the foreign tax credit or exemption under the bilateral agreements to make sure he or she get only one-time tax deduction.
How to compute double taxation relief under section 90?
To compute the double taxation relief under section 90, you need to follow the given steps:
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What are the main key provisions of section 90 of the Income Tax Act?
Here are some of the main key provisions of Section 90 of the Income Tax Act, given below: