https://www.taxtmi.com/acts?id=51691 Residents who pay income-tax in countries without a double taxation agreement are entitled to a deduction from Indian income-tax on the doubly taxed foreign income, calculated at the lower of the Indian rate of tax and the foreign rate of tax (or the Indian rate if both rates are equal). The same deduction entitlement and comparative-rate calculation applies to non-residents taxed on a share of income from a firm resident in India when that share includes foreign-sourced income taxed in such countries. Key definitional rules for computing Indian and foreign rates and the scope of "income-tax" are provided. en-us Thu, 14 Aug 2025 11:13:18 +0530 Wed, 27 Aug 2025 15:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51691 Residents who pay income-tax in countries without a double taxation agreement are entitled to a deduction from Indian income-tax on the doubly taxed foreign income, calculated at the lower of the Indian rate of tax and the foreign rate of tax (or the Indian rate if both rates are equal). The same deduction entitlement and comparative-rate calculation applies to non-residents taxed on a share of income from a firm resident in India when that share includes foreign-sourced income taxed in such countries. Key definitional rules for computing Indian and foreign rates and the scope of "income-tax" are provided. Act-Rules Income Tax Thu, 14 Aug 2025 11:13:18 +0530 https://www.taxtmi.com/acts?id=51691