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of <h1>Interest Taxation Rules Under Article 12 of DTAA: Key Limits and Exceptions for India-UK Interest Income</h1> Article 12 of the Double Taxation Avoidance Agreement (DTAA) between India and the UK addresses the taxation of interest income. Interest from one Contracting State paid to a resident of the other may be taxed in both states, with a maximum tax of 15% in the state where it arises. Exceptions include a 10% cap for banks and tax exemption for government-related entities. Interest linked to specific loans guaranteed by export credit agencies is exempt in the source state. If the interest is connected to a permanent establishment, business profits rules apply. Special relationships affecting interest amounts are subject to separate provisions.
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