Double Taxation Avoidance Agreement
This query is : Resolved
04 December 2008
what is meant by Double Taxation Avoidance Agreement?
04 December 2008
It means Avoidance of double taxation of same Income. If a person earned income in 2 or more countries and these countries has signed DTAA then this income will taxable as per this agreement.
If these countries has not signed DTAA then this income will be taxable in all countries.
For Example: A resident of India, also have income in USA. As India and USA has signed the DTAA then income from USA will be taxable as per provisions given in the DTAA i.e. this income will be taxable only in one country either in USA or India.
If there was no DTAA between USA and India, then first this income will be taxable in USA and after that it will be taxable in India.
If these countries has not signed DTAA then this income will be taxable in all countries.
For Example: A resident of India, also have income in USA. As India and USA has signed the DTAA then income from USA will be taxable as per provisions given in the DTAA i.e. this income will be taxable only in one country either in USA or India.
If there was no DTAA between USA and India, then first this income will be taxable in USA and after that it will be taxable in India.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
