Common use of in India Clause in Contracts

in India. (a) Where a resident of India derives income which, in accordance with the provisions of this Agreement, may be taxed in Mexico, India shall allow as a deduction from the tax on the income of that resident, an amount equal to the tax paid in Mexico. Such deduction shall not, however, exceed that portion of the tax as computed before the deduction is given, which is attributable, as the case may be, to the income which may be taxed in Mexico.

Appears in 4 contracts

Samples: Agreement, Mexican States, www.voiceofca.in

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