https://www.taxtmi.com/acts?id=18222 The Agreement prescribes that India grants a foreign tax credit for taxes paid in Latvia limited to the Indian tax attributable to the income taxed in Latvia and may account for exempted income when computing tax on remaining income. Conversely, Latvia generally exempts income taxed in India but, for certain income taxable in India, allows a deduction equal to Indian tax paid limited to the Latvian tax attributable to that income, while permitting consideration of exempted income when calculating tax on remaining income. en-us Fri, 21 Mar 2014 17:12:45 +0530 Mon, 25 Nov 2024 17:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18222 The Agreement prescribes that India grants a foreign tax credit for taxes paid in Latvia limited to the Indian tax attributable to the income taxed in Latvia and may account for exempted income when computing tax on remaining income. Conversely, Latvia generally exempts income taxed in India but, for certain income taxable in India, allows a deduction equal to Indian tax paid limited to the Latvian tax attributable to that income, while permitting consideration of exempted income when calculating tax on remaining income. Act-Rules DTAA Fri, 21 Mar 2014 17:12:45 +0530 https://www.taxtmi.com/acts?id=18222