Elimination of double taxation

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..... o the provisions of sub-paragraph (b), allow : (i)as a deduction from the tax on income of that person, an amount equal to the tax on income paid in India, (ii)as a deduction from the tax on capital of that person, an amount equal to the tax on capital paid in India. Such deduction in either case shall not, however, exceed that part of the tax on income or on capital, as computed before the deduct .....

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..... sub-paragraph shall apply only to nationals of Finland. (d)Where in accordance with any provisions of the Convention, income derived or capital owned by a resident of Finland is exempt from tax in Finland, Finland 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. (2) For the purposes of paragra .....

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..... r directly or by deduction, by a resident of India, in respect of income which has been subjected to tax both in India and Finland shall be allowed as a credit against the Indian tax payable in respect of such income but in an amount not exceeding that proportion of Indian tax which such income bears to the entire income chargeable to Indian tax. (b)For the purposes of the credit referred to in su .....

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