As per Income Tax, provision of ..................... is applicable for double taxation relief in case of specified association.

The correct answer is - Sec. 90A

Key Points

• Sec. 90A
  • This section deals with double taxation relief for income arising in cases where a specified association has an agreement with a foreign country.
  • It allows for a mechanism to avoid double taxation through agreements between specified associations (e.g., trade or professional associations) and foreign governments.
  • The provision applies when such agreements are approved by the Central Government.
  • It is distinct from Sec. 90 and Sec. 91, which primarily deal with agreements between the Government of India and foreign countries.

Additional Information

• Sec. 90
  • This section provides for relief in cases of double taxation where India has entered into a Double Taxation Avoidance Agreement (DTAA) with a foreign country.
  • It primarily applies to situations involving agreements between the Government of India and foreign nations.
• Sec. 91
  • This section provides for unilateral relief from double taxation in cases where no DTAA exists between India and the foreign country.
  • It ensures that taxpayers are not unfairly taxed twice on the same income.
• Difference Between Sec. 90 and Sec. 90A
  • Sec. 90: Involves agreements between the Government of India and foreign countries.
  • Sec. 90A: Deals with agreements between specified associations (e.g., trade associations) and foreign countries, approved by the Central Government.
• Sec. 95
  • This section pertains to General Anti-Avoidance Rules (GAAR) and is unrelated to double taxation relief provisions.