https://www.taxtmi.com/acts?id=4506 Interest paid to a resident of the other Contracting State may be taxed in the recipient's State, while the source State may also tax the interest but generally not above a reduced withholding when the recipient is the beneficial owner. Exemptions apply for interest paid to the other State's government, government-owned financial institutions, the central bank, political subdivisions or local authorities, and for interest on government-guaranteed or insured loans. Interest effectively connected with a permanent establishment or fixed base is taxed under the rules for business profits or independent personal services, and amounts above arm's-length interest remain taxable under domestic law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 08 Nov 2024 15:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4506 Interest paid to a resident of the other Contracting State may be taxed in the recipient's State, while the source State may also tax the interest but generally not above a reduced withholding when the recipient is the beneficial owner. Exemptions apply for interest paid to the other State's government, government-owned financial institutions, the central bank, political subdivisions or local authorities, and for interest on government-guaranteed or insured loans. Interest effectively connected with a permanent establishment or fixed base is taxed under the rules for business profits or independent personal services, and amounts above arm's-length interest remain taxable under domestic law. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4506