2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India and which country has signed three agreements in the areas of double taxation avoidance (DTA), sports and food security to carry forward the ties between both sides.
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Italy
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Brazil
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Iraq
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New Zealand
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Explanation:
Detailed explanation-1: -As per the DTAA agreement between India and the USA, the same income is not taxable in both countries. Thus, if you have paid tax on such income in USA, you can claim the credit of such tax paid by filing Form 67.
Detailed explanation-2: -The India-UK Double Taxation Avoidance Convention (DTAC) was signed in 1993 and was effective in India from January 1, 1994. A MoU on the Convention’s arbitration process was signed in 2004. Further, a Protocol to the Convention for taxes to be deducted at source was agreed and signed in 2013.
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