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.
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.