Elimination of double taxation

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....ons to the contrary are made in this Agreement. Where income is subject to tax in both Contracting States, relief from double taxation shall be given in accordance with this article. 2. Subject to the provisions of the law of Nepal regarding the allowance as a credit against Nepals tax or tax payable in territory outside Nepal (which shall not affect the general principle hereof) Indian tax pay....

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.... Contracting States agree to be for the purposes of economic development. 4. Subject to the provisions of the law of India regarding the allowance as a credit against Indian tax of tax payable in a territory outside India (which shall not affect the general principle hereof) Nepal tax payable under the law of Nepal and in accordance with the provisions of this Agreement whether directly or by d....

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....ear but for an exemption or reduction of tax granted for that year or any part thereof under :   (a) sub-section (2) of section 42 of the Nepal Income-tax Act, 2031 (1974), so far as they were in force on, and have been modified since, the date of the signature of this Agreement, or have been modified only in minor respects so as not to affect their general character ; or ....