TMI BlogElimination of Double TaxationX X X X Extracts X X X X X X X X Extracts X X X X ..... made in this Agreement. 2. In the case of India, double taxation shall be avoided as follows : (a) Where a resident of India derives income which, in accordance with the provisions of the Agreement, may be taxed in Belgium, India shall allow as a deduction from the tax on the income of that resident an amount equal to the income-tax paid in Belgium whether directly or by deduction. Such deduc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Belgium, double taxation shall be avoided as follows : (a) Where a resident of Belgium derives income which may be taxed in India in accordance with the provisions of the Agreement, other than those of paragraph 2 of Article 10, of paragraphs 2 and 6 of Article 11 and of paragraphs 2 and 6 of Article 12, Belgium shall exempt such income from tax but may, in calculating the amount of tax on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ical services which have been taxed in India in accordance with paragraph 2 or 6 of Article 12, the provisions of Belgian tax law with respect to earned income derived from sources outside Belgium and subject to foreign tax shall apply. (c) Where a company which is a resident of Belgium owns shares in a company which is a resident of India, the dividends which are paid to it by the latter compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be deemed to include any amount which would have been payable as Indian tax under the laws of India and in accordance with the provisions of the Agreement for any year but for a deduction allowed in computing the taxable income or an exemption from or a reduction of tax granted for that year under : (i) sections 10(4), 10(4B), 10(15)(iv) and 80L of the Income-tax Act, 1961 (43 of 1961), so ..... X X X X Extracts X X X X X X X X Extracts X X X X
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