https://www.taxtmi.com/acts?id=5978 Elimination of double taxation between India and Thailand is achieved by allowing a credit for taxes paid in the source State against tax payable in the resident State, limited to the domestic tax attributable to the foreign-source income; companies subject to surtax in India apply such credit first against income tax and then against surtax. "Tax payable" for credit includes amounts foregone due to investment-promotion or special incentive exemptions in either State. A resident exempt under the Convention may have tax on remaining income calculated as if the exempted income were not exempted. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 09 Mar 2009 17:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5978 Elimination of double taxation between India and Thailand is achieved by allowing a credit for taxes paid in the source State against tax payable in the resident State, limited to the domestic tax attributable to the foreign-source income; companies subject to surtax in India apply such credit first against income tax and then against surtax. "Tax payable" for credit includes amounts foregone due to investment-promotion or special incentive exemptions in either State. A resident exempt under the Convention may have tax on remaining income calculated as if the exempted income were not exempted. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5978