Q174
Where a person derives income from a nation with which India does not have a DTAA, such person is given credit in India in the following manner.
A.
Entire tax paid in the foreign country is allowed as deduction
B.
Tax paid in the foreign country on income which is doubly taxed, is allowed as deduction
C.
Tax paid on income which is doubly taxed, is allowed as deduction, at the Indian rate of tax only
D.
Tax paid on income which is doubly taxed, is allowed as deduction, at the Indian rate of tax or rate of tax of the foreign country, which ever is lower
AnswerAnswer: Option D
Solution
Answer: Option D
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