Home > Income Tax Act 2025 > Section-159Last Updated: Feb 21st 2025
Section-159 provides for agreement with foreign countries or specified territories and adoption by the Central Government of agreement between specified associations for double taxation relief. It also seeks to provide for double taxation relief where the Central Government has entered into an agreement with other countries. The said clause further provides for exchange of information for the prevention of evasion, avoidance and recovery of income-tax. Learn to understand the section-159 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
for the purposes mentioned in sub-section (3), and may, by notification, make such provisions as necessary for implementing the agreement.
for granting relief of tax, or avoidance of double taxation, then, in relation to the assessee to whom such agreement applies, the provisions of this Act shall apply to the extent they are more beneficial to that assessee.
shall not be regarded as less favourable charge or levy of tax in respect of such foreign company or such company incorporated in the specified territory, as the case may be
and shall be deemed to have effect from the date on which the said agreement came into force.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.