https://www.taxtmi.com/acts?id=5735 The treaty requires that domestic tax systems permit a deduction or credit for foreign tax paid on income taxable in the treaty partner, limited by a cap tied to the portion of domestic tax attributable to that income. A resident may deduct foreign tax paid, whether direct or by deduction, but not more than the part of domestic tax attributable to the income; reciprocally, the partner jurisdiction limits deduction to the proportion of domestic tax that corresponds to the income concerned. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 Aug 2024 18:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5735 The treaty requires that domestic tax systems permit a deduction or credit for foreign tax paid on income taxable in the treaty partner, limited by a cap tied to the portion of domestic tax attributable to that income. A resident may deduct foreign tax paid, whether direct or by deduction, but not more than the part of domestic tax attributable to the income; reciprocally, the partner jurisdiction limits deduction to the proportion of domestic tax that corresponds to the income concerned. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5735