List of countries with whom India has Double Taxation Avoidance Agreement (DTAA)

India has Double Taxation Avoidance Agreement (DTAA) with 88 countries, but presently 85 has been in force. The DTAA treaty has been signed in order to avoid double taxation on the same declared asset in two different countries. The DTAA applies for those individuals wherein an individual will reside as a taxpayer in one country and earns income in another country. These DTAAs can either cover all sources of income or can be limited to certain specific areas of income which includes income earned from air transportation, shipping, inheritance and so on.These DTAAs are made to make a country attractive for investment purpose by providing relief on dual taxation. The relief is provided by exempting income earned overseas from tax in the resident country or by providing credit to the extent wherein taxes have already been paid abroad. In some of the cases, DTAAs are known to provide concession on tax rates.For example, if a person is working in the US for more than 181 days then he becomes an NRI. He will be unable to handle any domestic saving deposit account in India.So, he has to convert his savings account to an NRO savings account where he can put his money. It will also allow him to make transactions of funds originating in India such as rents, dividends, pensions etc.However, tax deducted at source on interest income earned in NRO account is 30.9 per cent, so much of your returns will be gone paying taxes.In order to avoid paying 30.9 per cent as taxes you need to fill the DTAA. You will be able to avail TDS of 10 per cent if you live in any of the following country and you fill the DTAA form. Read: What is DTAA here?Advertisement 1. Armenia2. Australia3. Austria4. Bangladesh5. Belarus6. Belgium7. Botswana8. Brazil9. Bulgaria10. Canada11. China12. Cyprus13. Czech Republic14. Denmark15. Egypt16. Estonia17. Ethiopia18. Finland19. France20. Georgia21. Germany22. Greece23. Hashemite kingdom of Jordan24. Hungary25. Iceland26. Indonesia27. Ireland28. Israel29. Italy30. Japan31. Kazakastan32. Kenya33. Korea34. Kuwait35. Kyrgyz Republic36. Libya37. Lithuania38. Luxembourg39. Malaysia40. Malta41. Mauritius42. Mongolia43. Montenegro44. Morocco45. Mozambique46. Myanmar47. Namibia48. Nepal49. Netherlands50. New Zealand51. Norway52. Oman53. Philippines54. Poland55. Portuguese Republic56. Qatar57. Romania58. Russia59. Saudi Arabia60. Serbia61. Singapore62. Slovenia63. South Africa64. Spain65. Sri Lanka66. Sudan67. Sweden68. Swiss Confederation69. Syrian Arab Republic70. Tajikistan71. Tanzania72. Thailand73. Trinidad and Tobago74. Turkey75. Turkemistan76. UAE77. UAR (Egypt)78. UGANDA79. UK80. Ukraine81. United Mexican States82. USA83. Uzbekistan84. Vietnam85. Zambia If you have an NRO account then you must fill in the DTAA form to avoid TDS of 30.9 per cent. You can check from the list given here whether the country in which you are residing in as NRI has signed a DTAA with India.If TDS has been deducted, you can claim the money by filing your tax return. Otherwise, you will lose the amount of money where tax has been deducted. You should know the list of DTAA countries, simply because, you can avoid paying taxes twice. What the agreements basically says that is your paying tax already once and hence, you should not be taxed again.Especially, if you are an NRI and employed in a country like the United States, you can save on taxes. You would need to submit an application at the nearest bank.Remember, the list of DTAA countries will keep changing, based on the agreements that are altered frequently. We suggest you check with your bank for all the other details.Please note that the list of countries with whom we have a DTAA keeps changing depending on the governments policies that keep changing from time to time. Hence, you need to examine the new list every time, to see if any changes have been made or affected. We suggest that you take a look at the list on a regular basis. In fact, India is now examining its DTAA agreements with many countries and these could soon undergo a change. Now, let us assume that have a TDS, that is being deducted at 30.6 per cent on your NRO deposits. You need to apply to your bank and submit a range of documents like a valid visa, bank statement in the country of your residence, etc. Thereafter, if there is a DTAA agreement with the country of your residence, tax would be implemented only at the rate of 10 per cent.