India: Admissible and inadmissible taxes
Admissible for credit under the agreement:
Income Tax and any surcharge thereon imposed under the Income Tax Acts 1961 (including the Alternative Minimum Tax on companies with effect from 1 April 1997).
Additional tax on distributed profits (relief only as underlying tax - see INTM164440).
Education cess when it is payable as a surcharge on income tax but not when it is imposed as a surcharge on excise or customs duties.
Admissible for unilateral relief:
Income tax and super tax levied by the States on agricultural income (where income is taxed partly by the State and partly by the Central Government, credit may be given for the total of the two taxes against the whole United Kingdom tax on the same income). The super tax levied on agricultural income ceased from 1 April 1988.
Income tax (`freight tax’) charged at income tax rate for non-resident companies on 7.5 per cent of the gross freight earnings.