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<h1>Article 24 of DTAA: Ensures Tax Credits for Residents, Promotes Fair Tax Treatment Between Philippines and India.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between the Philippines and India addresses the elimination of double taxation for residents of both countries. It stipulates that taxes paid in one country on income arising in the other can be credited against taxes payable in the resident's home country, ensuring the credit does not exceed the home country's tax liability on that income. The provisions account for taxes that would have been paid if not for exemptions or reductions under economic development incentives. This ensures fair tax treatment and promotes economic cooperation between the two countries.