TaxTMI Login
Just a moment...
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>Understanding Article 23 of DTAA: How Tax Deductions Work for Residents Earning Income in Another State</h1> Article 23 of the Double Taxation Avoidance Agreement (DTAA) between two Contracting States outlines the method for eliminating double taxation. If a resident of one State earns income taxable in the other State, the first State must allow a tax deduction equal to the tax paid in the other State, but not exceeding the attributable income tax. In India, this includes hypothetical taxes waived due to economic incentives. Additionally, even if income is exempt in one State, it may still be considered when calculating tax on the resident's remaining income.
TaxTMI 
TaxTMI 
