Elimination of double taxation: tax credit and deduction mechanisms to prevent dual taxation on cross-border income. Elimination of double taxation is effected by allowing residents of each Contracting State relief for taxes paid in the other State. India grants deductions from Indian tax for income-tax or capital tax paid in France up to the Indian tax attributable to the French-source income or capital, with company surtax sequencing. France grants a tax credit against French tax for Indian tax paid on income taxable in India under the Convention, subject to ceilings and special rules for certain incomes, deemed taxes, and differing interest 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.
Elimination of double taxation: tax credit and deduction mechanisms to prevent dual taxation on cross-border income.
Elimination of double taxation is effected by allowing residents of each Contracting State relief for taxes paid in the other State. India grants deductions from Indian tax for income-tax or capital tax paid in France up to the Indian tax attributable to the French-source income or capital, with company surtax sequencing. France grants a tax credit against French tax for Indian tax paid on income taxable in India under the Convention, subject to ceilings and special rules for certain incomes, deemed taxes, and differing interest tax rates.
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