Indian Income-Tax Act, 1922

Section - 49A - Agreement for granting relief in respect of double taxation or for avoidance thereof

[[49A. Agreement for granting relief in respect of double taxation or for avoidance thereof.—The Central Government may enter into an agreement—

(a) * * 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 (including super-tax) under this Act and income-tax [in that country], or

(b) with the Government of any country outside India for the avoidance of double taxation of income, profits and gains under this Act and under the corresponding law in force in that country;

and may, by notification in the Official Gazette, make such provisions as may be necessary for implementing the agreement.]

Ss. 49A, 49B, 49C and 49D inserted by s. 58, Indian I.T. (Amendment) Act, 1939.

Substituted for ss. 49A and 49AA by s. 3, F. Act, 1953, w.e. f. 1-4-1953. S. 49AA inserted by India (Adaptation of Income-tax, Profits Tax and Revenue Recovery Acts) Order, 1947.

"With the Government of the State of Jammu and Kashmir or" omitted by s. 2 and Sch Taxation Laws (Extension to Jammu and Kashmir) Act, 1954.

Substituted for "in that State or in that country, as the case may be" by s. 2 and Sch., Taxation Laws (Extension to Jammu and Kashmir) Act, 1954.

[As amended up to date]

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