Foreign tax credit.

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Full Text of the Document

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....ions of this section. (2) An assessee, referred to in sub-section (1), shall be allowed a credit against the Indian income-tax payable by him in respect of his income of the financial year,— (a) which has been taxed in any country or other specifried territory with which India has an agreement under section 291, in accordance with the agreement entered into with such country or specified ter....