https://www.taxtmi.com/acts?id=5949 Article 25 permits residents taxed on income in the other Contracting State to claim a foreign tax credit against domestic tax limited to the domestic tax attributable to that income, with company credits applied first to income tax then surtax. The provision treats certain domestic exemptions, investment allowances, lower corporation rates and other agreed economic development incentives as deemed foreign tax payable for credit purposes, and allows exempt income under the Agreement to be considered in calculating the tax rate. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 10 Mar 2009 11:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5949 Article 25 permits residents taxed on income in the other Contracting State to claim a foreign tax credit against domestic tax limited to the domestic tax attributable to that income, with company credits applied first to income tax then surtax. The provision treats certain domestic exemptions, investment allowances, lower corporation rates and other agreed economic development incentives as deemed foreign tax payable for credit purposes, and allows exempt income under the Agreement to be considered in calculating the tax rate. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5949