Section 90A of the Income Tax Act is applicable between the specific associations of two countries that have signed the Double Taxation Avoidance Agreement (DTAA). This Section allows for a tax relief claim made between any association in India or an organization that has signed a DTAA with a foreign country organization.
Section 90A is an agreement between the two institutional bodies.
Is there any relief under Section 90A?
Section 90A applies to the two organizations that have signed the Double Tax Avoidance Agreement. It is referred to as the tax credit on the tax paid in a foreign country if it exceeds the minimum tax payable in India.
If the DTAA is with any association or organization, then you can claim relief under section 90A, which includes:
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Section 90A of the Income Tax Act is an extension of Section 90, where DTAA is involved with the specified associations or organizations apart from countries. Any foreign organization or association in India has set up a DTAA with a counterpart in a foreign country. This section allows you to get tax relief through agreements between different institutions or organizations.