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<h1>India-Ukraine Tax Convention Ensures Fair Credit for Taxes Paid Abroad, Prevents Double Taxation Under Section 90</h1> The statutory provision outlines the avoidance of double taxation between two contracting states, India and Ukraine. It mandates that each state's existing tax laws govern income and capital taxation unless otherwise specified in the convention. For residents of India with income or capital taxable in Ukraine, India will deduct Ukrainian taxes from Indian taxes, ensuring the deduction does not exceed the attributable tax amount. Conversely, Ukrainian law allows Indian taxes to be credited against Ukrainian taxes, with similar limitations. Tax incentives for economic development are considered, and untaxed income may influence tax rate calculations in the respective state.