https://www.taxtmi.com/acts?id=4412 Profits of an enterprise are taxable only in its Contracting State unless it carries on business in the other Contracting State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Such profits are determined by treating the permanent establishment as a distinct and separate enterprise operating on the same or similar conditions and dealing independently, permitting deductions for expenses incurred for the permanent establishment under the taxation laws of the Contracting State, while excluding mere purchase activities and without affecting income governed by other Articles. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 21 Oct 2024 18:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4412 Profits of an enterprise are taxable only in its Contracting State unless it carries on business in the other Contracting State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Such profits are determined by treating the permanent establishment as a distinct and separate enterprise operating on the same or similar conditions and dealing independently, permitting deductions for expenses incurred for the permanent establishment under the taxation laws of the Contracting State, while excluding mere purchase activities and without affecting income governed by other Articles. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4412