https://www.taxtmi.com/acts?id=8874 Interest paid between residents is taxable in the recipient's State; the source State may tax it but must limit source withholding when the beneficial owner resides in the other State. Exemptions apply where interest is beneficially owned by the other State's government, central bank, or mutually agreed governmental financial institutions. Interest connected with a permanent establishment or fixed base is taxed under business or independent services provisions, and amounts inflated by special relationships are limited to arm's-length amounts for treaty application. en-us Sat, 21 Jun 2008 11:26:49 +0530 Wed, 06 Nov 2024 15:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8874 Interest paid between residents is taxable in the recipient's State; the source State may tax it but must limit source withholding when the beneficial owner resides in the other State. Exemptions apply where interest is beneficially owned by the other State's government, central bank, or mutually agreed governmental financial institutions. Interest connected with a permanent establishment or fixed base is taxed under business or independent services provisions, and amounts inflated by special relationships are limited to arm's-length amounts for treaty application. Act-Rules DTAA Sat, 21 Jun 2008 11:26:49 +0530 https://www.taxtmi.com/acts?id=8874