What is a Double Taxation Avoidance Agreement (DTAA)?
DTAA stands for Double Taxation Avoidance Agreement. It is an agreement entered into by two countries so that income earned and taxed in one country is not taxed again in the second country and thus double taxation is avoided. The Provisions of DTAA override the general provisions of taxing statute of a particular country. A DTAA exists between India and USA which seeks to provide relief against double taxation.
