TMI BlogElimination of double taxationX X X X Extracts X X X X X X X X Extracts X X X X ..... as follows,-- (a) Where a resident of India derives income which, in accordance with the provisions of this Convention, may be taxed in Sweden, India shall allow as a deduction from the tax on the income of that resident an amount equal to the income tax paid in Sweden whether directly or by way of deduction at source. Such amount shall not, however, exceed that part of the income tax, as comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets which may be taxed in Sweden. (3) In the case of Sweden, double taxation shall be avoided as follows,-- (a) Where a resident of Sweden derives income which under the laws of India and in accordance with the provisions of this Convention may be taxed in India, Sweden shall allow--subject to the provisions of the laws of Sweden concerning credit for foreign tax (as it may be amended from tim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purposes of sub-paragraph (a) of this paragraph, the term `Indian tax paid' shall be deemed to include the Indian tax which would have been paid but for any exemption or reduction of tax granted under incentive provisions contained in the Indian law designed to promote economic development to the extent that such exemption or reduction is granted for profits from industrial or manufacturing activ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et wealth paid in India in respect of such assets. Such deduction shall not, however, exceed that part of the Swedish tax on net wealth as computed before the deduction is given which is appropriate to the assets which may be taxed in India. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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