ELIMINATION OF DOUBLE TAXATION.

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..... om the tax on the income of that resident, an amount equal to the income tax paid in Georgia; ( ii ) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid in Georgia. Such deduction in either case shall not, however, exceed that portion of the income tax or capital tax as computed before the deduction is given, which is attributable, as the case .....

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..... t resident, an amount equal to the capital tax paid in India. Such deduction in either case shall not, however, exceed the sums of tax, which would have accrued according to the rules and rates on this income and capital effective in Georgia. ( b ) Where in accordance with any provision of the Agreement income derived or capital owned by a resident of a Georgia is exempt from tax in Georgia, .....

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