https://www.taxtmi.com/acts?id=4952 The Convention preserves domestic taxing laws but provides relief from double taxation: India allows deductions from Indian tax for Japanese tax paid on income taxable in Japan, limited to the portion of Indian tax attributable to that income and applied first against income-tax and then surtax for companies. Japan permits a credit against Japanese tax for Indian tax paid on income taxable in India, limited to the portion of Japanese tax attributable to that income, with special consideration for dividends received by Japanese resident companies holding a substantial share in Indian companies. A prior deemed-payment provision related to Indian tax incentives has been omitted. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 07 Dec 2024 11:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4952 The Convention preserves domestic taxing laws but provides relief from double taxation: India allows deductions from Indian tax for Japanese tax paid on income taxable in Japan, limited to the portion of Indian tax attributable to that income and applied first against income-tax and then surtax for companies. Japan permits a credit against Japanese tax for Indian tax paid on income taxable in India, limited to the portion of Japanese tax attributable to that income, with special consideration for dividends received by Japanese resident companies holding a substantial share in Indian companies. A prior deemed-payment provision related to Indian tax incentives has been omitted. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4952