https://www.taxtmi.com/acts?id=5543 Interest arising in a Contracting State and paid to a resident of the other State may be taxed in the recipient's State, but the source State may also tax such interest; if the recipient is the beneficial owner the tax so charged shall not exceed 10 per cent of the gross amount. Interest is exempt in the source State when beneficially owned by the Government, political subdivisions, local authorities, the Central Bank, or mutually agreed banks or governmental financial institutions. Interest connected to a permanent establishment or fixed base is deemed to arise where that establishment or base is situated, and special-relationship excess interest is taxable under domestic law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 28 Aug 2024 14:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5543 Interest arising in a Contracting State and paid to a resident of the other State may be taxed in the recipient's State, but the source State may also tax such interest; if the recipient is the beneficial owner the tax so charged shall not exceed 10 per cent of the gross amount. Interest is exempt in the source State when beneficially owned by the Government, political subdivisions, local authorities, the Central Bank, or mutually agreed banks or governmental financial institutions. Interest connected to a permanent establishment or fixed base is deemed to arise where that establishment or base is situated, and special-relationship excess interest is taxable under domestic law. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5543