https://www.taxtmi.com/acts?id=45271 Article 25 provides reciprocal relief to avoid double taxation: India allows a deduction against Indian tax for Singapore tax paid on income taxable under the Agreement, including deemed Singapore tax arising from specified reliefs, with a cap tied to the Indian tax attributable to that income; a special dividend rule applies where an Indian resident holds not less than 25 per cent of the Singapore payor. Singapore, subject to its laws on foreign tax credits, allows a credit for Indian tax paid, similarly recognising certain Indian reliefs as constituting Indian tax paid, and income exempt under the Agreement may be taken into account in computing tax rates. en-us Thu, 17 Oct 2024 18:32:16 +0530 Tue, 22 Oct 2024 17:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45271 Article 25 provides reciprocal relief to avoid double taxation: India allows a deduction against Indian tax for Singapore tax paid on income taxable under the Agreement, including deemed Singapore tax arising from specified reliefs, with a cap tied to the Indian tax attributable to that income; a special dividend rule applies where an Indian resident holds not less than 25 per cent of the Singapore payor. Singapore, subject to its laws on foreign tax credits, allows a credit for Indian tax paid, similarly recognising certain Indian reliefs as constituting Indian tax paid, and income exempt under the Agreement may be taken into account in computing tax rates. Act-Rules DTAA Thu, 17 Oct 2024 18:32:16 +0530 https://www.taxtmi.com/acts?id=45271