Indian taxpayers with foreign income can claim lower tax rates under Section 90 or 91 of the Income Tax Act, 1961, through the Double Taxation Avoidance Agreement (DTAA) provisions. To claim relief, taxpayers must file an Indian income tax return and provide a tax payment or deduction certificate from the relevant foreign tax authority.
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The stock of Pradhin Ltd. hit the upper circuit on Tuesday, reflecting investors' optimism about this transformative deal. The order involves importing aromatic chemicals, specifically the Perfumery Compound Base 909, which will be supplied to major perfume factories in Kannauj, Uttar Pradesh. This deal is expected to significantly bolster Pradhin Ltd.'s revenue streams.
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Marine Electricals (India) Ltd has secured a Rs 12.1 crore order from Arcelor Mittal Nippon Steel (AM/NS) to supply LV Power and motor control centers, designed for seamless integration with automation systems. On Tuesday, Marine Electricals (India) Ltd's shares were trading at around Rs 246 per share, with a market capitalization of Rs 3263.57 crore.
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