TaxTMI 
TaxTMI 
Article 23A - Exemption Method
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....ovisions of this Convention * except to the extent that these provisions allow taxation by that other State solely because the income is also income derived by a resident of that State or because the capital is also capital owned by a resident of that State, * the Contracting State shall, exempt such income or capital from tax. [ Para 1 of Article 23B ] * Exception * Income derived or cap....
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....the tax on the income of that resident an amount equal to the tax paid in that other State. * Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to such items of income derived from that other State. [ Para 2 of Article 23B ] * Where in accordance with any provision of the Convention income derived or capital owned b....
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....State shall, exempt such income or capital from tax. [ Para 1 of Article 23B ] * Exception * Income derived or capital owned by a resident of a Contracting State where the other Contracting State applies the provisions of this Convention to exempt such income or capital from tax or applies the provisions of paragraph 2 of Article 10, 11, 12 or 12A, or the provisions of Article 12B, to such inc....
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....ara 2 of Article 23B ] * Where in accordance with any provision of this Convention income derived or capital owned by a resident of a Contracting State is exempt from tax in that State, such State may nevertheless, in calculating the amount of tax on the remaining income or capital of such resident, take into account the exempted income or capital. [ Para 3 of Article 23B ] As per Indian Tax La....