https://www.taxtmi.com/acts?id=37686 Under the India-Korea DTAA, India allows a deduction against Indian tax equal to tax paid in Korea on income taxable under the Agreement, limited to the portion of Indian tax attributable to that income; India may also take exempt income into account when computing tax on remaining income. Korea, subject to its domestic rules, permits a credit for Indian tax paid on income from India, limited to the proportion of Korean tax attributable to that income, with an exclusion for Indian tax tied to profits out of which dividends are paid. en-us Thu, 19 Sep 2019 12:59:57 +0530 Mon, 16 Dec 2024 16:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37686 Under the India-Korea DTAA, India allows a deduction against Indian tax equal to tax paid in Korea on income taxable under the Agreement, limited to the portion of Indian tax attributable to that income; India may also take exempt income into account when computing tax on remaining income. Korea, subject to its domestic rules, permits a credit for Indian tax paid on income from India, limited to the proportion of Korean tax attributable to that income, with an exclusion for Indian tax tied to profits out of which dividends are paid. Act-Rules DTAA Thu, 19 Sep 2019 12:59:57 +0530 https://www.taxtmi.com/acts?id=37686