write off

gayathri (Querist) 15 May 2010 This query is : Resolved
What is the procedure for writing off tax for income derived from a foreign contract with a foreign company? i e., falling under the category of foreign exchange.

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Vineet (Expert) 15 May 2010
The company can avail Double Taxation benefit under relevant DTA or section 91 for taxes paid overseas on the contract receipts.

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