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of <h1>Article 24 of UK-India DTAA: Rules for Crediting Taxes to Avoid Double Taxation on Dividends and Income.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between the United Kingdom and India addresses the elimination of double taxation. It allows for the crediting of Indian taxes against UK taxes on income sourced from India and vice versa. For dividends paid by Indian companies to UK companies with significant control, the credit includes Indian taxes on profits from which dividends are paid. The article specifies conditions under which credits are allowed, including provisions of the Indian Income-tax Act and limitations on relief based on the timing of tax exemptions. Income not taxed in one state may still influence tax rates on other income in that state.
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