Avoidance for double taxation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....isions to the contrary are made in this Agreement. 2.(a) The amount of Tanzanian tax payable, under the laws of Tanzania and in accordance with the provisions of this Agreement, whether directly or by deduction, by a resident of India, in respect of income from sources within Tanzania, shall be allowed as a credit against the Indian tax payable in respect of such income provided that such credi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t deduction granted under paragraphs 24, 25 and 26 of the Second Schedule to the Income Tax Act, 1973; or (iii) The lower corporation rate of income tax provided by paragraph 4(b) of the Third Schedule to the Income Tax Act, 1973; or (iv) any other provisions which may subsequently be enacted granting an exemption or reduction of tax which the competent authorities of the Contracting St....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the special incentive measure set forth in the following sections of the Income Tax Act, 1961: (i) Section 10(4) - relating to exemption from tax on interest payable to a non-resident on any security notified by the Government of India; (ii) Section 10(4A) - relating to exemption from tax on interest payable to a non-resident on moneys in a Non-resident (External) Account; (iii)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CC - relating to the rural development allowance; (vii) Section 54E - relating to capital gains; (viii) Section 80HH - relating to deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas; (ix) Section 80HHA -relating to deduction in respect of profits and gains from newly established small scale industrial undertaki....