https://www.taxtmi.com/acts?id=4351 Profits are taxable in the State of residence unless an enterprise carries on business in the other Contracting State through a permanent establishment, in which case the other State may tax only profits attributable to that permanent establishment, sales of the same or similar goods, or other similar business activities. Profits attributable to the permanent establishment are determined as if it were a separate independent enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to the taxation laws of the State where it is situated; mere purchases do not give rise to attributed profits. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 13 Sep 2024 18:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4351 Profits are taxable in the State of residence unless an enterprise carries on business in the other Contracting State through a permanent establishment, in which case the other State may tax only profits attributable to that permanent establishment, sales of the same or similar goods, or other similar business activities. Profits attributable to the permanent establishment are determined as if it were a separate independent enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to the taxation laws of the State where it is situated; mere purchases do not give rise to attributed profits. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4351