https://www.taxtmi.com/acts?id=5888 Article 24 prohibits discriminatory taxation under the DTAA by requiring that nationals of one Contracting State not be subjected in the other State to taxation or connected requirements that are different or more burdensome than those applied to that State's own nationals; it defines taxation as the taxes covered by the Agreement. The Article further requires that permanent establishments of an enterprise from one Contracting State be taxed no less favourably than domestic enterprises carrying on like activities, preserves resident-only personal allowances, and mandates that interest, royalties and similar payments to residents of the other State be deductible under the same conditions as if paid to residents, subject to specified exceptions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Nov 2024 10:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5888 Article 24 prohibits discriminatory taxation under the DTAA by requiring that nationals of one Contracting State not be subjected in the other State to taxation or connected requirements that are different or more burdensome than those applied to that State's own nationals; it defines taxation as the taxes covered by the Agreement. The Article further requires that permanent establishments of an enterprise from one Contracting State be taxed no less favourably than domestic enterprises carrying on like activities, preserves resident-only personal allowances, and mandates that interest, royalties and similar payments to residents of the other State be deductible under the same conditions as if paid to residents, subject to specified exceptions. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5888