https://www.taxtmi.com/acts?id=5811 Business profits of an enterprise are taxable only in its State of residence unless it carries on business in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attributed profits are to be determined as if the permanent establishment were a distinct and separate enterprise operating under similar conditions and dealing independently. Deductions are allowed for expenses incurred for the permanent establishment, subject to the tax law of the State where it is situated. Profits are not attributed by reason only of purchases, and the attribution method should be consistent year to year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 30 Aug 2024 16:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5811 Business profits of an enterprise are taxable only in its State of residence unless it carries on business in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attributed profits are to be determined as if the permanent establishment were a distinct and separate enterprise operating under similar conditions and dealing independently. Deductions are allowed for expenses incurred for the permanent establishment, subject to the tax law of the State where it is situated. Profits are not attributed by reason only of purchases, and the attribution method should be consistent year to year. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5811