Double taxation relief: tax paid in one State credited or deducted to prevent double taxation on the same income.

Relief under the Finland-India Convention is provided by allowing residents a deduction or credit for tax paid in the other State: Finland permits deductions against Finnish income and capital tax for Indian tax paid, limited to the tax attributable to income or capital taxable in India, and exempts dividends paid to Finnish companies holding at least ten percent voting power. India allows a credit for Finnish tax paid, limited to the proportion of Indian tax attributable to the doubly taxed income, with a priority application against income tax where surtax applies.

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