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Volume 6 Issue 7

July 2020

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title

DOUBLE TAXATION AVOIDANCE AGREEMENT AND TAX EVASION AN INDIAN OUTLOOK

Author(s):

Sarath S Unnithan

Keywords:

DTAA Act, Treaties, Tax avoidance, loopholes

Abstract

Double Taxation avoidance agreement or DTAA as its known. Introduced under section 90 of the Income Tax Act of 1961, the intended segment serves the purpose to prevent citizens from being liable for dual taxes for the same income. I.e. NRI who work abroad and get their salary from the said foreign nation and are taxed for the same in said country and in turn they need not again be charged for the same income statement. That said DTAA had been put in effect to prevent dual taxation then again, there are those who have misused it to their own benefit, the paper will be attempting to address India’s competent agreements in respect to DTAA in nations like Mauritius, Cayman Islands and addressing the pros and cons of the act itself and not mention the loopholes within the system and analyze incidents where the DTAA has been of due consideration. Even now while normal people are benefitted by the DTAA, it has been relied on to ensure the common taxpayer is not negated for their hard-earned money, all the while the corporates and money managers utilize the same agreement to fulfill their greedy agenda. In all the paper will listing incidents similar to Hutchison where the DTAA act had been taken for granted, all the while the paper will be focusing on DTAA pacts made between core countries and impending variances.

Other Details

Paper ID: IJSARTV
Published in: Volume : 6, Issue : 6
Publication Date: 6/1/2020

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