https://www.taxtmi.com/acts?id=5906 Article 12 permits taxation of interest in the recipient's State while allowing the source State to tax such interest subject to a statutory cap; interest paid to the other State's government, local authorities, central bank or wholly owned agencies is exempt in the source State by agreement of the competent authorities. The Article defines interest to include government securities, bonds, debentures and other debt claims and provides that where the recipient has a permanent establishment or fixed base to which the debt is effectively connected, business profits or independent personal services rules apply; related party excess interest is limited to an arm's length amount. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 13:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5906 Article 12 permits taxation of interest in the recipient's State while allowing the source State to tax such interest subject to a statutory cap; interest paid to the other State's government, local authorities, central bank or wholly owned agencies is exempt in the source State by agreement of the competent authorities. The Article defines interest to include government securities, bonds, debentures and other debt claims and provides that where the recipient has a permanent establishment or fixed base to which the debt is effectively connected, business profits or independent personal services rules apply; related party excess interest is limited to an arm's length amount. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5906