Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Article 24 of UK-India DTAA: Tax Credits for Avoiding Double Taxation on Income, with Specific Conditions and Limitations.</h1> Article 24 of the Double Taxation Avoidance Agreement (DTAA) between the United Kingdom and India addresses the elimination of double taxation. It allows for tax credits in the UK for Indian taxes paid on profits, income, or gains sourced from India, excluding dividends. Similarly, Indian residents can claim credits for UK taxes paid on income sourced from the UK. The article also outlines conditions under which Indian tax, including exemptions or reductions, is deemed payable for credit purposes. Relief from UK tax is limited if the income relates to periods beyond ten fiscal years after initial Indian tax deductions or exemptions.