https://www.taxtmi.com/acts?id=5634 Income from debt-claims may be taxed in the recipient's State, while the source State may also tax it with a withholding tax cap of ten per cent if the beneficial owner is resident of the other State. Exemptions apply for governments, specified central banks and wholly government-owned financial institutions. The Article defines income from debt-claims broadly, excludes penalty charges, rules source by payer or by permanent establishment connection, and limits application where amounts exceed arm's-length terms between related parties. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 Aug 2024 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5634 Income from debt-claims may be taxed in the recipient's State, while the source State may also tax it with a withholding tax cap of ten per cent if the beneficial owner is resident of the other State. Exemptions apply for governments, specified central banks and wholly government-owned financial institutions. The Article defines income from debt-claims broadly, excludes penalty charges, rules source by payer or by permanent establishment connection, and limits application where amounts exceed arm's-length terms between related parties. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5634