Companies (Profits) Surtax Act : Agreement with foreign countries Indian Bare Acts :

Companies (Profits) Surtax Act,1964

Act No : 7

Section : Agreement with foreign countries

SECTION( 24A. ) - Agreement with foreign countries. 2["24A. Agreement with foreign countries. The Central Government may enter into an agreement with the Government of any country outside India- (a)for the granting of relief in respect of chargeable profits on which have been paid both surtax under this Act and tax of a similar character or income-tax on such profits in that country , or (b)) for the avoidance of double taxation of chargeable profit under this Act and under any law relating to the taxation of income or profits in force in that country, or (c) for exchange of information for the prevention of eva- sion or avoidance of surtax chargeable under this Act or the chargeable under the corresponding law in force in that country or investigation of cases of such evasion or avoidance, or (d)for recovery of tax under this Act and under any law relating to the taxation of income or profits in force that country, and may , by notification in the Official Gazette, make such provision as may be necessary for implementing the agreement. "] ----------------------------------------------------------------------- 1 Ins. by Act 15 of 1965, s. 22. 2 Subs. by Act 16 of 1972, s.57 (w.e.f. 1-4-1972). ----------------------------------------------------------------------- 1282