https://www.taxtmi.com/acts?id=15182 Article 23 provides reciprocal elimination mechanisms: residents of the territory in paragraph 3(a) get a deduction from domestic tax for tax paid in the other territory, limited to the tax attributable to the income taxed abroad, and exempt income may still be taken into account when computing tax on remaining income. Residents of the territory in paragraph 3(b) receive a credit for tax paid in the other territory against domestic tax, subject to a limit equal to domestic tax on that income; dividend-related taxes on underlying profits are excluded from the credit, and exempt income may be considered in computing tax on other income. en-us Mon, 12 Sep 2011 18:34:35 +0530 Mon, 02 Sep 2024 09:29:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15182 Article 23 provides reciprocal elimination mechanisms: residents of the territory in paragraph 3(a) get a deduction from domestic tax for tax paid in the other territory, limited to the tax attributable to the income taxed abroad, and exempt income may still be taken into account when computing tax on remaining income. Residents of the territory in paragraph 3(b) receive a credit for tax paid in the other territory against domestic tax, subject to a limit equal to domestic tax on that income; dividend-related taxes on underlying profits are excluded from the credit, and exempt income may be considered in computing tax on other income. Act-Rules DTAA Mon, 12 Sep 2011 18:34:35 +0530 https://www.taxtmi.com/acts?id=15182