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<h1>India-Colombia DTAA: Article 23 Explains Tax Credits and Exemptions to Prevent Double Taxation for Residents of Both Countries.</h1> Article 23 of the Double Taxation Avoidance Agreement (DTAA) between India and Colombia outlines methods to eliminate double taxation. For Indian residents, India allows a deduction from its taxes for income taxed in Colombia, not exceeding the attributable tax portion. If income is exempt in India, it may still be considered when calculating tax on other income. For Colombian residents, Colombia permits a deduction for taxes paid in India, including a specific provision for dividends, subject to domestic law limits. Exempt income in Colombia can also be considered when calculating taxes on remaining income.