Article 23B - Credit Method

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..... 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 allow: * a) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in that other State; * b) as a deduction from the tax on the capital of .....

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..... on reproduces Article 23B of the OECD Model Convention. As Per Indian Tax * Under this method , the Government of two countries can enter into an agreement to provide relief against double taxation by mutually working out the basis on which the relief is to be granted. * Exemption method is way of Bilateral Relief for providing relief from double taxation for this deal through Section 90/90A .....

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