Article 23B - Credit Method

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..... se provisions allow 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 t .....

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..... Article 23B of the United Nations Model Convention 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 re .....

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