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TMI BlogAvoidance for double taxationX X X X Extracts X X X X X X X X Extracts X X X X ..... n this Agreement. 2.(a) The amount of Tanzanian tax payable, under the laws of Tanzania and in accordance with the provisions of this Agreement, whether directly or by deduction, by a resident of India, in respect of income from sources within Tanzania, shall be allowed as a credit against the Indian tax payable in respect of such income provided that such credit shall not exceed Indian tax (as c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Second Schedule to the Income Tax Act, 1973; or (iii) The lower corporation rate of income tax provided by paragraph 4(b) of the Third Schedule to the Income Tax Act, 1973; or (iv) any other provisions which may subsequently be enacted granting an exemption or reduction of tax which the competent authorities of the Contracting State agree to be for the purpose of economic development. 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Income Tax Act, 1961: (i) Section 10(4) - relating to exemption from tax on interest payable to a non-resident on any security notified by the Government of India; (ii) Section 10(4A) - relating to exemption from tax on interest payable to a non-resident on moneys in a Non-resident (External) Account; (iii) Section 10(5) (iv) - relating to exemption from tax of (a) non-resident in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 80HH - relating to deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas; (ix) Section 80HHA -relating to deduction in respect of profits and gains from newly established small scale industrial undertakings in certain areas; (x) Section 80J - relating to deduction in respect of profits and gains from eligible industrial unde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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