https://www.taxtmi.com/acts?id=6251 Profits are taxable only in the resident State unless business is carried on in the other State through a permanent establishment, in which case only profits attributable directly or indirectly to that permanent establishment may be taxed there. Profits of a permanent establishment are determined as if it were a distinct and separate enterprise, with deductible expenses incurred for its business allowed under the tax law of the State where it is situated. Customary apportionment methods may be used if consistent with this Article, no profits arise from mere purchases, attribution methods should be consistent year to year, and other Articles govern separately dealt-with income. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 22 Nov 2024 16:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6251 Profits are taxable only in the resident State unless business is carried on in the other State through a permanent establishment, in which case only profits attributable directly or indirectly to that permanent establishment may be taxed there. Profits of a permanent establishment are determined as if it were a distinct and separate enterprise, with deductible expenses incurred for its business allowed under the tax law of the State where it is situated. Customary apportionment methods may be used if consistent with this Article, no profits arise from mere purchases, attribution methods should be consistent year to year, and other Articles govern separately dealt-with income. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6251