What is Form 10F? If you are a non-resident and intend to understand what is Form 10F and why it is required, this Article is for you. Importance of Form 10F Every country has certain domestic tax laws, and it also enters into international tax agreements with other foreign countries, to avoid double taxation of … Read more
Double Taxation Relief MCQ – International Taxation are covered in this Article. Double Taxation Relief MCQ Test contains 43 questions. Answers to MCQ on Double Taxation Relief International Taxation are available after clicking on the answer. 1. Source rule of taxation provides that income is to be taxed :- a) In the country of residence … Read more
There are two types of relief from Double Taxation Relief – Unilateral Relief and Bilateral Relief , which are available to a non-resident who is a resident of one country (say USA) and operates in another country (say India) . In certain cases of international trade and commerce, income earned by a resident of one … Read more
Foreign Tax credit against MAT or AMT – Rule 128 of Income Tax Rules The concept of double taxation implies that the same income is taxed twice, once in the country of source and thereafter in the country of residence (India in the present case). In order to facilitate free flow of economic resources and … Read more