https://www.taxtmi.com/acts?id=6317 The DTAA allows the resident State to tax interest and permits source State withholding subject to a 10 per cent cap; interest paid to the other State, its local authorities, the Central Bank or wholly owned agencies is exempt. Interest connected with the recipient's permanent establishment in the source State is taxed as business profits. Interest is defined to include securities, bonds, debentures and other debt claims. Deeming rules assign source by payer or by the location of the permanent establishment that bore the indebtedness. Related party excess interest is confined to an arm's length amount, with excess treated under domestic law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 25 Nov 2024 12:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6317 The DTAA allows the resident State to tax interest and permits source State withholding subject to a 10 per cent cap; interest paid to the other State, its local authorities, the Central Bank or wholly owned agencies is exempt. Interest connected with the recipient's permanent establishment in the source State is taxed as business profits. Interest is defined to include securities, bonds, debentures and other debt claims. Deeming rules assign source by payer or by the location of the permanent establishment that bore the indebtedness. Related party excess interest is confined to an arm's length amount, with excess treated under domestic law. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6317