https://www.taxtmi.com/acts?id=5118 Business profits are taxable only in the enterprise's State of residence unless the enterprise carries on business in the other State through a permanent establishment; where such an establishment exists, only profits attributable to it may be taxed there. Attribution is made by treating the permanent establishment as a separate enterprise under similar conditions, allowing deductions for expenses incurred for its purposes subject to local tax law limits, excluding mere purchases of goods, and applying the same method year to year unless good reason exists to change it. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 12:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5118 Business profits are taxable only in the enterprise's State of residence unless the enterprise carries on business in the other State through a permanent establishment; where such an establishment exists, only profits attributable to it may be taxed there. Attribution is made by treating the permanent establishment as a separate enterprise under similar conditions, allowing deductions for expenses incurred for its purposes subject to local tax law limits, excluding mere purchases of goods, and applying the same method year to year unless good reason exists to change it. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5118