Elimination of double taxation: credit mechanisms allow taxpayers to offset foreign tax paid against domestic tax liabilities. Article 25 provides that domestic laws continue to govern taxation except as modified by the Agreement and sets a credit method to eliminate double taxation: India allows a deduction from Indian income-tax or capital tax for tax paid in the U.A.E., limited to the Indian tax attributable to income or capital taxable in the U.A.E., with company surtax treated after income-tax; the U.A.E. similarly allows a deduction for tax paid in India, limited to the portion attributable to income taxable in the U.A.E.
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: credit mechanisms allow taxpayers to offset foreign tax paid against domestic tax liabilities.
Article 25 provides that domestic laws continue to govern taxation except as modified by the Agreement and sets a credit method to eliminate double taxation: India allows a deduction from Indian income-tax or capital tax for tax paid in the U.A.E., limited to the Indian tax attributable to income or capital taxable in the U.A.E., with company surtax treated after income-tax; the U.A.E. similarly allows a deduction for tax paid in India, limited to the portion attributable to income taxable in the U.A.E.
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