How can one claim tax relief when there is No DTAA?
In case there is No DTAA, then Tax Relief can be claimed u/s 91. You can follow the below-mentioned steps to compute relief:
- Compute tax payable in India
- Compute lower of Indian rate of tax and rate of tax in Foreign country
- Multiply the rate obtained in Step 3 by the doubly taxed income.
- Relief will be the amount as computed in Step 3
Hope this help