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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Israel-India DTAA Article 24: Tax Credits for Avoiding Double Taxation on Income and Capital Explained.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between Israel and India addresses the elimination of double taxation. It allows for Indian tax paid on income or capital derived from India to be credited against Israeli tax, with the credit not exceeding the portion of Israeli tax attributable to that income or capital. Similarly, for Indian residents with income or capital taxable in Israel, India allows deductions for taxes paid in Israel, limited to the part attributable to the taxed income or capital. Additionally, exempted income or capital may still be considered when calculating tax on remaining income or capital.
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