Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India-Malaysia DTAA Article 24: Methods to Eliminate Double Taxation, Allowing Tax Credits for Residents in Both Countries.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between India and Malaysia outlines methods to eliminate double taxation. It stipulates that each country will continue to govern income taxation unless otherwise specified by the agreement. For Indian residents, taxes paid in Malaysia on income taxable there can be deducted from Indian taxes, but not exceeding the Indian tax attributable to that income. Similarly, Malaysian residents can claim a credit against Malaysian taxes for taxes paid in India. The agreement also considers hypothetical taxes that would apply if certain incentives were not in place, ensuring fair taxation.