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    <title>INDIA AND ICELAND SIGN DOUBLE TAXATION AVOIDANCE AGREEMENT</title>
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    <description>Bilateral agreement establishes taxing rights on income, taxes dividends, interest, royalties and technical service fees in residence and source states with a source-country withholding cap of ten percent for beneficial owners resident in the other Contracting State; capital gains on company shares taxable in the company&#039;s state of residence; relief via credit for taxes paid abroad; and provisions for exchange of information, mutual assistance in recovery of revenue claims, and a limitation of benefits to prevent treaty abuse.</description>
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