Section 44A:
Agreement for avoidance or relief of double taxation with respect to wealth-tax.
1
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 2
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
Notes:
1. Subs. by Act 16 of 1972, s. 49, for certain words (w.e.f. 1-4-1972).
2. Subs. by Act 33 of 2009, s. 84, for “any country” (w.e.f. 1-10-2009).