Dual Tax Treaty Benefit

Refer section 91 of IT ACT which provides for relief  when DTAA does not exist.
 

Originally posted by : Yogi Saraf
	Refer section 91 of IT ACT which provides for relief  when DTAA does not exist.

 Thanks...i am trying to check and understand the same, but i am not a professional...

if you can help me understand what exactly it means, i would be obliged..

UPDATE:

As far as i understand from this section, it is like:
if i am a resident of india and if i earned from speculation from outside India (through online trading of currency/shares/comm), and if i call the income from these sources in a state with which we have a double tax treaty (like UAE), then the income will be taxed as per the tax rate in UAE (as section says that i will have to pay tax in the state where the tax rate is lower). And thus, i wont have to pay the tax on same in India.

Have i interpreted it correctly?

Thanks