Elimination of double taxation: relief provided by tax credit or dividend exemption, credits limited to attributable foreign tax. Finland provides relief by deducting Indian tax paid from Finnish tax on the same income or exempting certain dividends paid to qualifying Finnish corporate shareholders; this is subject to Finnish domestic rules. India allows deduction for tax paid in Finland against Indian tax on income taxable in Finland, limited to the portion of Indian tax attributable to that income. A Contracting State that exempts income may still take that exempt income into account when computing tax on the taxpayer'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: relief provided by tax credit or dividend exemption, credits limited to attributable foreign tax.
Finland provides relief by deducting Indian tax paid from Finnish tax on the same income or exempting certain dividends paid to qualifying Finnish corporate shareholders; this is subject to Finnish domestic rules. India allows deduction for tax paid in Finland against Indian tax on income taxable in Finland, limited to the portion of Indian tax attributable to that income. A Contracting State that exempts income may still take that exempt income into account when computing tax on the taxpayer's remaining income.
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