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- Methods of Tax Credit - Exemption and Credit Method - CA Final International Taxation - CA Arinjay Jain
Exemption Method - Full Exemption - Taxable Income of Source State not considered at all in State of Residence OR Exemption with progression – Income only considered for determining applicable tax rate
Credit Method - State of Residence provides credit for taxes paid in Source State, to the extent of tax due in SOR on such income
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