Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 44A – The Wealth-Tax Act, 1957

The Wealth-Tax Act, 1957

 

 

44A. Agreement for avoidance or relief of double taxation with respect to wealth-tax.

 

1[44A. Agreement for avoidance or relief of double taxation with respect to wealth-tax. — 2[The Central Government may enter into an agreement with the Government of any reciprocating country—

 

(a) for the avoidance or relief of double taxation with respect to wealth-tax payable under this Act and under the corresponding law in force in the reciprocating country, or

 

(b) for exchange of information for the prevention of evasion or avoidance of wealth-tax chargeable under this Act, or under the corresponding law in force in that country or investigation of cases of such evasion or avoidance, or

 

(c) for recovery of tax under this Act and under the corresponding law in force in that country,

 

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

 

Explanation .—The expression “reciprocating country” for the purposes of this Act means any country which the Central Government may, by notification in the Official Gazette, declare to be a reciprocating country.]

 

——————————————–

1. Ins. by Act 46 of 1964, sec. 39 (w.e.f. 1-4-1965 ).

 

2. Subs. by Act 16 of 1972, sec. 49, for certain words (w.e.f. 1-4-1972).

 

Previous | Next

 

The Wealth-Tax Act, 1957

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2021 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation