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TMI BlogElimination of double taxationX X X X Extracts X X X X X X X X Extracts X X X X ..... . 2. However, where a resident of the Netherlands derives items of income or owns items of capital which, according to Article 6, Article 7, paragraph 6 of Article 10, paragraph 7 of Article 11, paragraph 7 of Article 12, paragraphs 1, 2, 4 and 5 of Article 13, Article 14, paragraph 1 of Article 15, Article 16, paragraph 3 of Article 18, Article 19 and paragraphs 1 and 2 of Article 22 of this Conv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion may be taxed in India to the extent that these items are included in the basis referred to in paragraph 1. The amount of this deduction shall be equal to the tax paid in India on these items of income, but shall not exceed the amount of the reduction which would be allowed if the items of income so included were the sole items of income which are exempted from Netherlands tax under the provis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d of ten years after the date on which the Convention became effective. This period may be extended by mutual agreement between the competent authorities. 4. In India, double taxation shall be eliminated as follows: Where a resident of India derives income or owns capital which, in accordance with the provisions of this Convention, may be taxed in the Netherlands, India shall allow as a deduction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it in India: Provided that income which in accordance with the provisions of this Convention is not to be subjected to tax may be taken into account in calculating the rate of tax to be imposed. For the purposes of this paragraph in determining the taxes on income paid to the Netherlands, the investment premiums and bonuses and disinvestment payments as meant in the Netherlands Investment Account ..... X X X X Extracts X X X X X X X X Extracts X X X X
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