https://www.taxtmi.com/acts?id=19068 Article 22 provides for elimination of double taxation by allowing a foreign tax credit: Indian tax on profits, income or chargeable gains taxed in India and under the Convention is creditable against United Kingdom tax on the same items; a dividend paid to a UK resident company with substantial voting control also permits credit for Indian tax on underlying profits; reciprocal rules apply where UK tax is creditable against Indian tax subject to proportional limits and ordering rules for corporate surtaxes; exemptions and certain deductions are treated as Indian tax payable for credit purposes subject to temporal limitations; related party adjustments are allocated for credit purposes as income arising in the other State. en-us Tue, 02 Dec 2014 13:38:09 +0530 Tue, 02 Dec 2014 13:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19068 Article 22 provides for elimination of double taxation by allowing a foreign tax credit: Indian tax on profits, income or chargeable gains taxed in India and under the Convention is creditable against United Kingdom tax on the same items; a dividend paid to a UK resident company with substantial voting control also permits credit for Indian tax on underlying profits; reciprocal rules apply where UK tax is creditable against Indian tax subject to proportional limits and ordering rules for corporate surtaxes; exemptions and certain deductions are treated as Indian tax payable for credit purposes subject to temporal limitations; related party adjustments are allocated for credit purposes as income arising in the other State. Act-Rules DTAA Tue, 02 Dec 2014 13:38:09 +0530 https://www.taxtmi.com/acts?id=19068