Types of Relief

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..... the basis on which relief is to be granted. Bilateral relief may be granted in wither one of the following methods: Tax Exemption Method A particular income is taxed in only one of the two countries. Such method are based on OECD Model Tax Convention or UN Model Tax Convention provided in Article - 23A. [ For more details refer this chapter Article 23A - Exemption Method ] .....

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..... or double taxation to its resident for the taxes paid in other country, even where no DTAA has been entered into with that country. India grants unilateral relief through credit method u/s 91 to its resident for taxes paid in the country, with which India has not signed DTAA. India Has introduced Foreign Tax Credit Rules under Rule 128 of Income Tax Rule 1962 which allows for granti .....

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