Elimination of Double Taxation prescribes credit and exemption-with-progression mechanisms under the tax treaty to avoid dual taxation. Elimination of Double Taxation is effected by a foreign tax credit allowing a deduction equal to tax paid in the other State, limited to the portion of domestic tax attributable to income taxed abroad, and by an exemption-with-progression rule permitting the resident State to take exempted income into account when computing tax on the remaining income.
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 prescribes credit and exemption-with-progression mechanisms under the tax treaty to avoid dual taxation.
Elimination of Double Taxation is effected by a foreign tax credit allowing a deduction equal to tax paid in the other State, limited to the portion of domestic tax attributable to income taxed abroad, and by an exemption-with-progression rule permitting the resident State to take exempted income into account when computing tax on the remaining income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
