https://www.taxtmi.com/acts?id=5719 Profits of an enterprise are taxable only in its State unless business is carried on in the other State through a permanent establishment; if so, only profits attributable to that permanent establishment may be taxed there. Attributed profits are determined by treating the permanent establishment as a distinct and separate enterprise under similar conditions dealing independently, allowing deductions for expenses incurred for the permanent establishment subject to host State limitations. Customary apportionment may be applied if consistent with these principles, no attribution arises from mere purchases, the method should be consistent year by year, and this Article does not affect income treated separately elsewhere. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 Aug 2024 18:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5719 Profits of an enterprise are taxable only in its State unless business is carried on in the other State through a permanent establishment; if so, only profits attributable to that permanent establishment may be taxed there. Attributed profits are determined by treating the permanent establishment as a distinct and separate enterprise under similar conditions dealing independently, allowing deductions for expenses incurred for the permanent establishment subject to host State limitations. Customary apportionment may be applied if consistent with these principles, no attribution arises from mere purchases, the method should be consistent year by year, and this Article does not affect income treated separately elsewhere. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5719