https://www.taxtmi.com/acts?id=14980 Article 24 provides that India relieves double taxation by granting a deduction against Indian tax equal to tax paid in Luxembourg on income or capital taxable in Luxembourg, limited to the tax attributable to those items, and may consider exempted amounts for progression. Luxembourg, subject to its law, generally exempts income or capital taxable in India but may apply tax rates as if not exempted; for items under Articles 10, 11, 12 and 17 Luxembourg may allow a deduction equal to tax paid in India, limited to the attributable portion. en-us Tue, 30 Aug 2011 12:06:03 +0530 Tue, 17 Dec 2024 17:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14980 Article 24 provides that India relieves double taxation by granting a deduction against Indian tax equal to tax paid in Luxembourg on income or capital taxable in Luxembourg, limited to the tax attributable to those items, and may consider exempted amounts for progression. Luxembourg, subject to its law, generally exempts income or capital taxable in India but may apply tax rates as if not exempted; for items under Articles 10, 11, 12 and 17 Luxembourg may allow a deduction equal to tax paid in India, limited to the attributable portion. Act-Rules DTAA Tue, 30 Aug 2011 12:06:03 +0530 https://www.taxtmi.com/acts?id=14980