https://www.taxtmi.com/acts?id=4579 Article 24 implements reciprocal foreign tax credit relief: each Contracting State allows a deduction for tax paid in the other State, limited to the portion of domestic tax attributable to the income or capital taxable abroad. The payable tax for credit purposes includes taxes that would have been payable absent domestic tax incentives. When income or capital is exempt under the Convention, the resident State may still consider the exempted amount in calculating tax on the resident's remaining taxable base. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 15 Nov 2024 16:25:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4579 Article 24 implements reciprocal foreign tax credit relief: each Contracting State allows a deduction for tax paid in the other State, limited to the portion of domestic tax attributable to the income or capital taxable abroad. The payable tax for credit purposes includes taxes that would have been payable absent domestic tax incentives. When income or capital is exempt under the Convention, the resident State may still consider the exempted amount in calculating tax on the resident's remaining taxable base. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4579