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of <h1>India-Armenia Double Taxation Agreement: Article 23 Explains Tax Credit for Residents to Avoid Double Taxation</h1> Article 23 of the Double Taxation Avoidance Agreement (DTAA) between India and Armenia outlines methods to eliminate double taxation. In India, residents can deduct the income tax paid in Armenia from their Indian tax liability, but this deduction cannot exceed the portion of Indian tax attributable to the Armenian-taxed income. Conversely, Armenia allows its residents to deduct Indian taxes paid from their Armenian tax liability, subject to similar limitations. Both countries may consider exempted income when calculating taxes on remaining income, ensuring that residents are not taxed twice on the same income.
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