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TMI BlogMethods of elimination of double taxationX X X X Extracts X X X X X X X X Extracts X X X X ..... Indian tax paid under the law of India and in accordance with this Agreement, whether directly or by deduction, in respect of income derived by a person who is a resident of Australia from sources in India shall be allowed as a credit against Australian tax payable in respect of that income. (b) Where a company which is a resident of India and is not a resident of Australia for the purposes of Aus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 80HHD or 80I of the Income-tax Act, 1961, insofar as those provisions were in force on, and have not been modified since, the date of signature of this Agreement, or have been modified only in minor respects so as not to affect their general character; or (ii) any other provision which may subsequently be made granting an exemption from or reduction of Indian tax which the Treasurer of Australia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder subparagraph 1(a)(ii) of Article 28 or in any later year of income that may be agreed by the Contracting States in letters exchanged for this purpose. 4. In the case of India, double taxation shall be avoided as follows: (a) the amount of Australian tax paid under the laws of Australia and in accordance with the provisions of this Agreement, whether directly or by deduction, by a resident of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this Agreement shall be taxable only in the other Contracting State, the first mentioned State may take that income into account in calculating the amount of its tax payable on the remaining income of that resident. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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