Section 44A: Agreement for avoidance or relief of double taxation with respect to wealth-tax
The Wealth-Tax Act, 1957Central Act · Act 27 of 1957
[Agreement for avoidance or relief of double taxation with respect to wealth-tax.
[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 [outside India or any territory outside India] which the Central Government may, by notification in the Official Gazette, declare to be a reciprocating country.]
Agreement for avoidance or relief of double taxation with respect to wealth-tax
Jurisdiction
Central
Status
In force as published by the source
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
inserted. Inserted by the Wealth-tax (Amendment) Act, 1964, w.e.f. 1-4-1965.
substituted. Substituted for the portion beginning with words "The Central Government may" and ending with words "for implementing the agreement." by the Finance Act, 1972, w.e.f. 1-4-1972.
other. For notified countries, see Referencer.
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