https://www.taxtmi.com/acts?id=5062 Profits of an enterprise are taxable only in its State of residence unless it carries on business through a permanent establishment in the other State; profits attributable to that permanent establishment may be taxed there. Attributable profits are determined as if the permanent establishment were a distinct and separate enterprise, allowing deductions for expenses incurred for its business in accordance with the tax law of the State where it is situated. No profits are attributed solely for purchases of goods, and the method of attribution should be applied consistently year to year unless justified otherwise. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 25 Nov 2024 16:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5062 Profits of an enterprise are taxable only in its State of residence unless it carries on business through a permanent establishment in the other State; profits attributable to that permanent establishment may be taxed there. Attributable profits are determined as if the permanent establishment were a distinct and separate enterprise, allowing deductions for expenses incurred for its business in accordance with the tax law of the State where it is situated. No profits are attributed solely for purchases of goods, and the method of attribution should be applied consistently year to year unless justified otherwise. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5062