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of <h1>Greece-India DTAA: Income Taxed Only in Source Country, Prevents Double Taxation, Promotes Fair Tax Practices.</h1> The Double Taxation Avoidance Agreement (DTAA) between Greece and India stipulates that each country's laws will govern income taxation unless explicitly stated otherwise in the agreement. Income sourced from Greece, taxable under Greek law, will not be taxed in India, and vice versa for Indian-sourced income. The agreement allows Greece and India to calculate tax rates for their residents as if income exempted under the agreement were included in total income. This ensures that residents are not doubly taxed on the same income by both countries, promoting fair taxation practices.
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