TMI BlogMETHODS FOR ELIMINATION OF DOUBLE TAXATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... uania, India shall allow: ( i ) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Lithuania; ( ii ) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid in Lithuania. Such deduction in either case shall not, however, exceed that portion of the income t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ( a ) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid thereon in India; ( b ) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid thereon in India. Such deduction in either case shall not, however, exceed that part of the income tax or capital tax in Lithuania as co ..... X X X X Extracts X X X X X X X X Extracts X X X X
|