Double taxation relief - credit of tax - Income Tax - 610/CBDT

INSTRUCTION NO. 610/CBDT Dated : September 4, 1973 Section(s) Referred: 90 ,91 ,140A Statute: Income - Tax Act, 1961 A question has been raised whether an assessee while computing tax payable by it on self-assessment u/s.140A of I.T.Act is entitled to deduct double taxation relief due to it u/s.90 91. The return of income(Form No.1) specifically provides for indication of double taxation relief vide Part III of Annexure F thereof. The Board are of the view that u/s.140A, an assessee is required to pay self-assessment tax payable "on the basis" of the return of income furnished and the form of return of income as mentioned above contains a specific item requiring the assessee to furnish details of double taxation relief claimed by it. In computing the tax payable on self-assessment on the basis of return of income an assessee can, therefore, take credit for the double taxation relief claimed by it in the return. 2. All the officers in your charge may please be advised accordingly.