https://www.taxtmi.com/acts?id=5798 The Convention provides reciprocal relief for double taxation by permitting a tax credit for taxes paid in one Contracting State against tax computed in the other on the same items of income or capital. Sri Lanka tax so paid is creditable against Indian tax on the same Sri Lanka-source income or capital, limited to the Indian tax attributable to those items, with special ordering for company surtax. Similarly, Indian tax so paid is creditable against Sri Lanka tax on the same India-source items, limited to the Sri Lanka tax attributable to those items. "Tax payable" includes amounts forgone under specified exemptions or comparable preferential provisions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 10 Mar 2009 10:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5798 The Convention provides reciprocal relief for double taxation by permitting a tax credit for taxes paid in one Contracting State against tax computed in the other on the same items of income or capital. Sri Lanka tax so paid is creditable against Indian tax on the same Sri Lanka-source income or capital, limited to the Indian tax attributable to those items, with special ordering for company surtax. Similarly, Indian tax so paid is creditable against Sri Lanka tax on the same India-source items, limited to the Sri Lanka tax attributable to those items. "Tax payable" includes amounts forgone under specified exemptions or comparable preferential provisions. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5798