CURRENT AFFAIRS

Detailed explanation-1: -What is Double Taxation Avoidance Agreement (DTAA)? The Double Taxation Avoidance Agreement or DTAA is a tax treaty signed between India and another country ( or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country.

Detailed explanation-2: -Under Article XVIII of the Agreement between the Government of India and the Government of the Federal Republic of Germany for Avoidance of Double Taxation on Income (as notified vide Notification No. 87(25/33/57-IT), dated 13-9-1960 and subsequently amended by a Protocol notified vide Notification No.

Detailed explanation-3: -Double Taxation Avoidance Agreement (DTAA) is an arrangement between India and another country. It aims to ensure that taxpayers don’t pay double taxes on the income earned from the home country and the host country. Without a DTAA, you could end up paying tax twice for the same income.