DTAA/ Double Taxation Avoidance Agreement/ Double Taxation/ Double taxation avoidance agreement in India/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. The Double Taxation Avoidance Agreement (DTAA) is a bilateral agreement between two countries designed to prevent taxpayers from being taxed twice on the same income in both countries. DTAA is designed to eliminate or reduce the potential double taxation of income that may arise. This is when a taxpayer is a resident of one country but earns income from another country. DTAAs are essential for promoting international trade, investment, and economic cooperation between countries. Key features of DTAA agreements include: → Residence-based taxation → Withholding tax rates → Tax credit or exemption → Mutual agreement procedure. These agreements typically include provisions that allocate taxing rights between the two countries and provide mechanisms for reducing or eliminating double taxation. The provisions may cover various types of income, such as dividends, interest, royalties, capital gains, and employment income. You can get the law services of Saanvika Legal Associates like Trust deeds, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting Doc, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.