What is the DTAA full form and why is it important?
The DTAA full form is Double Taxation Avoidance Agreement. A DTAA is a treaty between two countries to make sure the same income is not taxed twice. The India-Japan Double Taxation Avoidance Agreement explains how different types of income like business profits, dividends, interest, and royalties will be taxed in each country. It also lets taxpayers claim relief through exemptions or tax credits if tax is paid in one country. This helps both Indian and Japanese businesses reduce their tax burden and encourages smoother cross-border investment. Also Read- https://www.companiesnext.com/blog/double-tax-avoidance-agreement
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