https://www.taxtmi.com/acts?id=5539 Profits of an enterprise are taxable only in its State of residence unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Attribution follows the separate enterprise principle, allowing deductions for expenses incurred for the permanent establishment's business subject to the host State's tax law, excluding profits from mere purchases, and applying a consistent attribution method year to year unless justified otherwise. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 28 Aug 2024 14:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5539 Profits of an enterprise are taxable only in its State of residence unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Attribution follows the separate enterprise principle, allowing deductions for expenses incurred for the permanent establishment's business subject to the host State's tax law, excluding profits from mere purchases, and applying a consistent attribution method year to year unless justified otherwise. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5539