Elimination of double taxation

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..... y are made in this Convention. 2. In the case of Portugal double taxation shall be eliminated as follows : Where a resident of Portugal derives income which, in accordance with the provisions of this Convention, may be taxed in India, Portugal shall allow as a deduction from the tax on the income of that resident an amount equal to the income-tax paid in India. Such deduction shall not, howe .....

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..... t of a Contracting State is exempt from tax in that State, such State may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income. 5. The tax paid in a Contracting State mentioned in 1 [ paragraphs 2 and 3 ] of this Article shall be deemed to include the tax on dividends, interest, royalties and fees for included services .....

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