https://www.taxtmi.com/acts?id=5754 Interest may be taxed by the recipient's State of residence and also by the source State subject to treaty limits and exemptions; beneficial ownership constrains source taxation and certain interest is exempt when owned by the other State, political subdivisions or central bank, or approved residents. Interest effectively connected with a permanent establishment or fixed base is governed by business profit or independent services rules. The Article defines interest as income from debt-claims and applies an arm's-length adjustment where special relationships inflate interest amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 26 Nov 2024 15:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5754 Interest may be taxed by the recipient's State of residence and also by the source State subject to treaty limits and exemptions; beneficial ownership constrains source taxation and certain interest is exempt when owned by the other State, political subdivisions or central bank, or approved residents. Interest effectively connected with a permanent establishment or fixed base is governed by business profit or independent services rules. The Article defines interest as income from debt-claims and applies an arm's-length adjustment where special relationships inflate interest amounts. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5754