https://www.taxtmi.com/acts?id=5574 Taxation of interest permits residence State taxation but allows source State taxation subject to a withholding ceiling when the recipient is the beneficial owner, while exemptions apply for State entities, central banks and specified export financing arrangements. Interest is broadly defined as income from debt claims and is sourced where the payer is resident or where a related permanent establishment or fixed base bears the indebtedness; effectively connected interest is taxed under business profits or independent personal services rules. Related party transactions are adjusted to arm's length amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 17:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5574 Taxation of interest permits residence State taxation but allows source State taxation subject to a withholding ceiling when the recipient is the beneficial owner, while exemptions apply for State entities, central banks and specified export financing arrangements. Interest is broadly defined as income from debt claims and is sourced where the payer is resident or where a related permanent establishment or fixed base bears the indebtedness; effectively connected interest is taxed under business profits or independent personal services rules. Related party transactions are adjusted to arm's length amounts. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5574