New Delhi, June 2 -- The double taxation avoidance agreement (DTAA) is a tax treaty that helps taxpayers avoid paying tax twice on the same income in two different countries. If you are an non-resident Indian (NRI) and have income both in India and your country of resident, this treaty can provide tax relief through exemptions, reduces rates, or foreign tax credits.

India has signed DTAA treaties with more than 100 countries across the world, including the US, UK, UAE, Canada, Australia and more, making cross-border taxation less burdensome. This benefit may apply to income from salary received in India, investment income such as dividends, interest from foreign bank accounts or bonds, as well as capital gains.

Under DTAA, if you earn i...