Double Taxation Avoidance Agreement (DTAA):
Double taxation is the enforced duty of two or more taxes on the same, property or monetary transactions.
Double taxation may occur when the legal authority associations, used by different nations, overlap or it may occur when the taxpayer has links with more than one country.
What Is Double Taxation Avoidance Agreement (DTAA)?
A associate make money any revenue has to pay tax in the country in which the income is earned (as Source Country) as well as in the country in which the associate is resident. As such, the said income is liable to tax in both the countries. To avoid this hardship of tax associate make a Double Taxation Avoidance Agreement (DTAA).