AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Methods For Elimination Of Double Taxation
X X X X Extracts X X X X
X X X X Extracts X X X X
....a, double taxation shall be eliminated as follows: Where a resident of India derives income which, in accordance with the provisions of this Agreement, may be taxed in Malaysia, India shall allow as a deduction from the tax on the income of that resident an amount equal to the amount of tax paid in Malaysia whether directly or by deduction at source. Such amount shall not, however, exceed....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e laws so far as they are agreed by the competent authorities of the Contracting States to be of a substantially similar character. 4. In the case of Malaysia, double taxation shall be eliminated as follows: Subject to the laws of Malaysia regarding the allowance as a credit against Malaysian tax of tax payable in any country other than Malaysia, tax paid in India under the taxation la....
X X X X Extracts X X X X
X X X X Extracts X X X X
....all be deemed to include the tax which would, under the laws of India and in accordance with this Agreement, have been payable on any income derived from sources in India had the income not been taxed at a reduced rate or exempted from Indian tax in accordance with the provisions of this Agreement and the special incentives under the Indian laws for the promotion of economic development of India w....