The Government of the Republic of India and the Government of the Islamic Republic of Iran entered into Agreement for Avoidance of Double Taxation and the Prevention of Fiscal Evasion
The existing taxes to which the Agreement shall apply are in particular:
(a) in the case of the Islamic Republic of Iran: the income tax;
(b) in the case of India: the income tax, including any surcharge thereon.
The Articles of the agreement deals with various definitions/ taxations on:
Resident
Permanent Establishment
Income From Immovable Property
Business Profits
International traffic
Associated enterprises
Dividends
Interest
Royalties
Fees for Technical Services
Capital Gains
Independent Personal Services
Dependent Personal Services
Directors’ Fees
Artistes and Sportspersons
Pensions
Government Service
Professors, Teachers and Research Scholars
Students
Other Income
Elimination of Double taxation
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- Reopening quashed as Form No. 10 have little space to fill reasons of accumulation u/s 11(2)
- Stamp duty valuation or classification for fiscal purposes not change character of Agri land
- Mere difference of cash deposit between two AYs not unexplained money
- Reassessment bad as reasons to believe wrongly stated ITR was processed only u/s 143(1)
- SLP dismissed against bogus liability named “book overdraft” for cheques not presented
