https://www.taxtmi.com/acts?id=8357 The Agreement requires reciprocal elimination of double taxation by permitting a foreign tax credit: the State of residence shall allow as a deduction from domestic tax an amount equal to tax paid in the other Contracting State, limited to the portion of domestic tax attributable to that income. Additionally, where income is exempt in the State of residence under the Agreement, that exempt income may be taken into account in computing tax on the resident's remaining income. en-us Sun, 10 Feb 2008 21:55:05 +0530 Fri, 15 Nov 2024 16:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8357 The Agreement requires reciprocal elimination of double taxation by permitting a foreign tax credit: the State of residence shall allow as a deduction from domestic tax an amount equal to tax paid in the other Contracting State, limited to the portion of domestic tax attributable to that income. Additionally, where income is exempt in the State of residence under the Agreement, that exempt income may be taken into account in computing tax on the resident's remaining income. Act-Rules DTAA Sun, 10 Feb 2008 21:55:05 +0530 https://www.taxtmi.com/acts?id=8357