https://www.taxtmi.com/acts?id=5403 Article 25 sets bilateral relief: India allows a credit/deduction against Indian income or capital tax for tax paid in Norway up to the Indian tax attributable to the foreign income or capital, with company surtax treated second. Norway generally exempts income or capital taxed in India but allows deductions for Indian tax on specified income items, limited to the Norwegian tax attributable to those items. Deeming rules treat certain Indian exemptions as paid tax for credit purposes; interest is deemed taxed at no less than fifteen per cent for deduction purposes. The deeming provisions and minimum interest rate apply for the first ten years, and exempted income may be taken into account in computing tax rates on remaining income. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 10 Mar 2009 12:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5403 Article 25 sets bilateral relief: India allows a credit/deduction against Indian income or capital tax for tax paid in Norway up to the Indian tax attributable to the foreign income or capital, with company surtax treated second. Norway generally exempts income or capital taxed in India but allows deductions for Indian tax on specified income items, limited to the Norwegian tax attributable to those items. Deeming rules treat certain Indian exemptions as paid tax for credit purposes; interest is deemed taxed at no less than fifteen per cent for deduction purposes. The deeming provisions and minimum interest rate apply for the first ten years, and exempted income may be taken into account in computing tax rates on remaining income. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5403