Elimination of double taxation: treaty permits limited tax credit and exemption adjustments to prevent dual taxation of residents. Article 23 requires reciprocal relief where each State allows a deduction from a resident's tax equal to tax paid in the other State on income taxable there, limited to the portion attributable to that income; additionally, where income is exempt under the Agreement, the exempted income may be taken into account in computing tax on the resident's remaining income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Elimination of double taxation: treaty permits limited tax credit and exemption adjustments to prevent dual taxation of residents.
Article 23 requires reciprocal relief where each State allows a deduction from a resident's tax equal to tax paid in the other State on income taxable there, limited to the portion attributable to that income; additionally, where income is exempt under the Agreement, the exempted income may be taken into account in computing tax on the resident's remaining income.
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