https://www.taxtmi.com/acts?id=5252 The Convention preserves domestic taxation except where it provides otherwise and requires mutual relief by allowing residents to deduct foreign income tax paid on income taxable in the other Contracting State, limited to the portion of domestic tax attributable to that income; the taxable amount deemed paid includes tax foregone due to development incentives, and exempt income under the Convention may be taken into account in computing the tax rate. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 26 Nov 2024 15:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5252 The Convention preserves domestic taxation except where it provides otherwise and requires mutual relief by allowing residents to deduct foreign income tax paid on income taxable in the other Contracting State, limited to the portion of domestic tax attributable to that income; the taxable amount deemed paid includes tax foregone due to development incentives, and exempt income under the Convention may be taken into account in computing the tax rate. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5252