Elimination of double taxation preserves relief by exemption or foreign tax credit for residents under the treaty. The Convention requires Austria to exempt income taxed in India for Austrian residents or, for specified categories, to allow a credit limited to the Austrian tax attributable to that income, while Austria may include exempted income when computing tax on remaining income. India must allow residents a foreign tax credit for tax paid in Austria limited to the Indian tax attributable to Austria taxable income and may similarly take exempted income into account when calculating tax on 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 preserves relief by exemption or foreign tax credit for residents under the treaty.
The Convention requires Austria to exempt income taxed in India for Austrian residents or, for specified categories, to allow a credit limited to the Austrian tax attributable to that income, while Austria may include exempted income when computing tax on remaining income. India must allow residents a foreign tax credit for tax paid in Austria limited to the Indian tax attributable to Austria taxable income and may similarly take exempted income into account when calculating tax on remaining income.
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