https://www.taxtmi.com/acts?id=44957 Article 23 prescribes reciprocal methods for avoidance of double taxation: India allows deductions from Indian tax for Japanese tax paid on income taxable in Japan, including sequencing against corporate surtax, and may include Japan-only taxable income in its tax base while deducting the tax attributable to that income. Japan, subject to its laws on foreign tax credits, allows residents a credit for Indian tax paid on income taxable in India, with special credit treatment for dividends received by qualifying resident companies that reflect Indian tax paid by the paying company. en-us Wed, 16 Oct 2024 17:22:31 +0530 Tue, 22 Oct 2024 14:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44957 Article 23 prescribes reciprocal methods for avoidance of double taxation: India allows deductions from Indian tax for Japanese tax paid on income taxable in Japan, including sequencing against corporate surtax, and may include Japan-only taxable income in its tax base while deducting the tax attributable to that income. Japan, subject to its laws on foreign tax credits, allows residents a credit for Indian tax paid on income taxable in India, with special credit treatment for dividends received by qualifying resident companies that reflect Indian tax paid by the paying company. Act-Rules DTAA Wed, 16 Oct 2024 17:22:31 +0530 https://www.taxtmi.com/acts?id=44957