https://www.taxtmi.com/acts?id=4632 Elimination of double taxation is effected by a foreign tax credit: residents may credit tax paid in the other Contracting State against domestic tax on the same income, subject to domestic rules and limited to the portion of domestic tax attributable to that foreign-source income. Deemed inclusion rules treat certain exempted or reduced host-country taxes as foreign tax for credit purposes, with listed domestic provisions and a mechanism for competent-authority agreement on similar future exemptions. Ceilings apply to dividends, interest and royalties and ordering rules address company surtax in India. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 04 Nov 2024 16:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4632 Elimination of double taxation is effected by a foreign tax credit: residents may credit tax paid in the other Contracting State against domestic tax on the same income, subject to domestic rules and limited to the portion of domestic tax attributable to that foreign-source income. Deemed inclusion rules treat certain exempted or reduced host-country taxes as foreign tax for credit purposes, with listed domestic provisions and a mechanism for competent-authority agreement on similar future exemptions. Ceilings apply to dividends, interest and royalties and ordering rules address company surtax in India. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4632