Elimination of double taxation

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....ide the United Kingdom (which shall not affect the general principle hereof): (a) Indian tax payable under the laws of India and in accordance with the provisions of this Convention, whether directly or by deduction, on profits, income or chargeable gains from sources within India (excluding, in the case of a dividend, tax payable in respect of the profits out of which the dividend is paid) sha....

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.... a petroleum company as defined for the purposes of Schedule 9 to the Oil Taxation Act, 1975. 2. 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 Indian (which shall not affect the general principle hereof), the amount of United Kingdom tax payable, under the laws of the United Kingdom and in accordance wi....

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....income-tax payable by the company in India and as to the balance, if any, against the surtax payable by it in India. 3. For the purposes of paragraph 1 of this Article the term ' Indian tax payable ' shall be deemed to include any amount which would have been payable as Indian tax but for a deduction allowed in computing the taxable income or an exemption or reduction of tax granted for....

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....ct of income from any source if the income relates to a period starting more than 10 fiscal years after the exemption from, or reduction of, Indian tax is first granted to the resident of the United Kingdom or to the resident of India, as the case may be, in respect of that source. 4. Income which in accordance with the provisions of this Convention is not to be subjected to tax in a Contractin....