Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Greece-India DTAA Article 6: Shipping Profits Taxed at 50% Reduced Rate; Excludes Coastal Traffic.</h1> Article 6 of the Double Tax Avoidance Agreement (DTAA) between Greece and India addresses taxation on shipping profits. It allows both countries to tax profits derived from shipping operations within their territories by residents of the other country. However, the tax imposed by the country where profits are derived is reduced by 50%, and this reduced amount is credited against the tax charged by the resident's home country, not exceeding the home country's tax liability. This provision excludes profits from coastal traffic. In India, specific sections of the Income-tax Act, 1961, apply to occasional shipping profits, with adjustments made under certain conditions.
TaxTMI 
TaxTMI 
