Shivish Verma (C A) (376 Points)
22 December 2015Sir
My client is a resident in India in F y 2015-16. He owns some property in Phuket (Thailand). Now he is going to sell that property and he will pay withholding tax of 5.00 lacs thai Bhatt in Thailand
Can he claim credit of tax paid in Thailand while filing return in India
Please reply
Its urgent
Thanks
J. K. Ratan
(Compliance Advisor)
(794 Points)
Replied 22 December 2015
Dear Sir
India has signed a Comprehensive Agreement with "The Goverment of the Kingdom of Thailand" to avoid the double taxation effect.
As per Article-6 & and Article-13 of DTAA the Income Arise in the Contracting Country may be taxed in Contracting Country.
And as per Section 90/91 of Income Tax Act 1961 you can claim the benefit of DTAA for the Taxes paid in the Contracting country (i.e. Thailand)
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