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<h1>Article 25 of India-Romania DTAA: Tax Credits for Residents to Avoid Double Taxation and Promote Economic Development.</h1> Article 25 of the Double Tax Avoidance Agreement (DTAA) between India and Romania outlines the avoidance of double taxation. It stipulates that residents of either country can claim tax credits for income taxed in both countries, ensuring the credit does not exceed the tax payable in their home country. For Indian residents, Romanian taxes paid can be credited against Indian taxes, and vice versa for Romanian residents. The agreement also considers tax incentives under India's Income-tax Act, 1961, and allows the application of tax rates as if exempt income were taxable, facilitating economic development incentives.