https://www.taxtmi.com/acts?id=4758 Business profits are taxable only in the State of residence unless the enterprise 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 to be determined as if the permanent establishment were a distinct and separate enterprise operating under similar conditions, allowing deductions for expenses incurred for the permanent establishment, subject to the taxing State's law and limitations, and excluding attribution of profit merely from purchases of goods. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 Nov 2024 17:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4758 Business profits are taxable only in the State of residence unless the enterprise 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 to be determined as if the permanent establishment were a distinct and separate enterprise operating under similar conditions, allowing deductions for expenses incurred for the permanent establishment, subject to the taxing State's law and limitations, and excluding attribution of profit merely from purchases of goods. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4758