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of <h1>India-Lithuania DTAA Article 24: Methods to Eliminate Double Taxation for Residents with Tax Deductions and Limitations.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between India and Lithuania outlines methods to eliminate double taxation. For Indian residents, India allows deductions from income or capital tax for taxes paid in Lithuania, not exceeding the attributable portion of such taxes. Even if income or capital is exempt in India, it may still be considered for tax calculation. Similarly, Lithuania provides deductions for taxes paid in India, with the same limitation on exceeding the attributable portion. These provisions ensure residents are not doubly taxed on the same income or capital in both countries.
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