https://www.taxtmi.com/acts?id=45465 Elimination of double taxation is achieved by allowing a resident State to deduct from domestic income or capital tax an amount equal to tax paid in the other Contracting State, limited to the domestic tax attributable to that income or capital. Exempted items may be taken into account for computing tax on remaining items. Taxes reduced or waived under the other State's incentive provisions are deemed tax paid for credit purposes, while amounts payable as penalties or for default are excluded from "tax paid." en-us Fri, 18 Oct 2024 14:45:03 +0530 Fri, 18 Oct 2024 14:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45465 Elimination of double taxation is achieved by allowing a resident State to deduct from domestic income or capital tax an amount equal to tax paid in the other Contracting State, limited to the domestic tax attributable to that income or capital. Exempted items may be taken into account for computing tax on remaining items. Taxes reduced or waived under the other State's incentive provisions are deemed tax paid for credit purposes, while amounts payable as penalties or for default are excluded from "tax paid." Act-Rules DTAA Fri, 18 Oct 2024 14:45:03 +0530 https://www.taxtmi.com/acts?id=45465