44A. Agreement for avoidance or relief of double taxation with respect to wealth-tax.
[The Central Government may enter into an agreement with the Government of any reciprocating country—
| (a) | for the avoidance or relief of double taxation with respect to wealth-tax payable under this Act and under the corresponding law in force in the reciprocating country, or | |
| (b) | for exchange of information for the prevention of evasion or avoidance of wealth-tax chargeable under this Act or under the corresponding law in force in that country or investigation of cases of such evasion or avoidance, or | |
| (c) | for recovery of tax under this Act and under the corresponding law in force in that country, |
and may, by notification22 in the Official Gazette, make such provision as may be necessary for implementing the agreement.]
Explanation.—The expression "reciprocating country" for the purposes of this Act means any country 22a[outside India or any territory outside India] which the Central Government may, by notification in the Official Gazette, declare to be a reciprocating country.]
