TMI BlogAvoidance of Double TaxationX X X X Extracts X X X X X X X X Extracts X X X X ..... pital which, in accordance with the provisions of this Convention, may be taxed in Ukraine, India shall allow as a deduction from the tax on the income of that resident an amount equal to the income-tax paid in Ukraine, whether directly or by deduction; and as a deduction from the tax on the capital of that resident an amount equal to the capital tax paid in Ukraine. Such deduction in either case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Contracting State mentioned in paragraphs 2 and 3 of this Article shall be deemed to include the tax which would have been payable but for the tax incentives granted under the laws of the Contracting State and which are designed to promote economic development. 5. Income which in accordance with the provisions of this Convention, is not to be subjected to tax in a Contracting State may be taken i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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