Elimination of double taxation: exemption and tax-credit mechanisms govern cross-border income taxation between Austria and India. The Convention prescribes reciprocal methods to eliminate double taxation: Austria generally exempts income taxable in India but provides a tax credit for specified items limited to the Austrian tax attributable to those items and may consider exempted income when computing tax on remaining income. India allows a foreign tax credit equal to tax paid in Austria limited to the Indian tax attributable to that income and may likewise take exempted income into account when 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: exemption and tax-credit mechanisms govern cross-border income taxation between Austria and India.
The Convention prescribes reciprocal methods to eliminate double taxation: Austria generally exempts income taxable in India but provides a tax credit for specified items limited to the Austrian tax attributable to those items and may consider exempted income when computing tax on remaining income. India allows a foreign tax credit equal to tax paid in Austria limited to the Indian tax attributable to that income and may likewise take exempted income into account when computing tax on the resident's remaining income.
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