https://www.taxtmi.com/acts?id=4566 Interest paid to a resident of the other Contracting State may be taxed in the recipient's State, but the source State may also tax it provided that where the beneficial owner is resident in the other State the source State's tax shall not exceed a 10 per cent withholding. Exemptions apply to interest derived by or in connection with loans from specified public and financial institutions listed for each State or as mutually agreed. Interest connected with a permanent establishment or fixed base is governed by the business or service articles, and related-party excess interest is limited to an arm's-length amount. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 15 Nov 2024 15:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4566 Interest paid to a resident of the other Contracting State may be taxed in the recipient's State, but the source State may also tax it provided that where the beneficial owner is resident in the other State the source State's tax shall not exceed a 10 per cent withholding. Exemptions apply to interest derived by or in connection with loans from specified public and financial institutions listed for each State or as mutually agreed. Interest connected with a permanent establishment or fixed base is governed by the business or service articles, and related-party excess interest is limited to an arm's-length amount. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4566