https://www.taxtmi.com/acts?id=5329 Interest paid to a resident may be taxed in the recipient's State, and may also be taxed in the source State but, where the recipient is the beneficial owner, source tax shall not exceed ten percent of the gross interest; the competent authorities shall agree the mode of application. Government-derived interest and interest on government-guaranteed loans are exempt in the source State. Exceptions apply where interest is effectively connected with a permanent establishment or fixed base, and an arm's-length rule adjusts amounts where special relationships inflate interest. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Nov 2024 17:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5329 Interest paid to a resident may be taxed in the recipient's State, and may also be taxed in the source State but, where the recipient is the beneficial owner, source tax shall not exceed ten percent of the gross interest; the competent authorities shall agree the mode of application. Government-derived interest and interest on government-guaranteed loans are exempt in the source State. Exceptions apply where interest is effectively connected with a permanent establishment or fixed base, and an arm's-length rule adjusts amounts where special relationships inflate interest. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5329