https://www.taxtmi.com/acts?id=15166 Taxation of business profits is limited to the enterprise's residence unless it carries on business in the other territory through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attribution assumes the permanent establishment is a distinct enterprise under similar conditions, and allowable deductions include expenses incurred for the permanent establishment subject to host law, while non reimbursement charges between head office and permanent establishment (royalties, fees, commissions, management charges, and, except for banks, interest) are disregarded. en-us Mon, 12 Sep 2011 18:29:54 +0530 Sat, 31 Aug 2024 13:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15166 Taxation of business profits is limited to the enterprise's residence unless it carries on business in the other territory through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attribution assumes the permanent establishment is a distinct enterprise under similar conditions, and allowable deductions include expenses incurred for the permanent establishment subject to host law, while non reimbursement charges between head office and permanent establishment (royalties, fees, commissions, management charges, and, except for banks, interest) are disregarded. Act-Rules DTAA Mon, 12 Sep 2011 18:29:54 +0530 https://www.taxtmi.com/acts?id=15166