Double taxation relief: reciprocal deduction and credit mechanisms prevent double taxation between contracting states. Article 24 provides reciprocal relief for avoidance of double taxation between India and Ukraine: India shall allow a deduction for tax paid in Ukraine on income or capital taxable there, limited to the portion of Indian tax attributable to that income or capital; Ukraine, recognizing its foreign tax exemption rules, shall grant a credit for Indian tax paid on income or capital taxable in India, likewise limited to the attributable portion of Ukrainian tax. Taxes reduced via tax incentives are treated as included when computing relief, and income exempt under the Convention may be considered in calculating tax rates.
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.
Double taxation relief: reciprocal deduction and credit mechanisms prevent double taxation between contracting states.
Article 24 provides reciprocal relief for avoidance of double taxation between India and Ukraine: India shall allow a deduction for tax paid in Ukraine on income or capital taxable there, limited to the portion of Indian tax attributable to that income or capital; Ukraine, recognizing its foreign tax exemption rules, shall grant a credit for Indian tax paid on income or capital taxable in India, likewise limited to the attributable portion of Ukrainian tax. Taxes reduced via tax incentives are treated as included when computing relief, and income exempt under the Convention may be considered in calculating tax rates.
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