https://www.taxtmi.com/acts?id=15170 Taxation of interest is allocated between source and residence; the residence State may tax interest paid to its residents, and the source State may also tax such interest but its tax is limited when the beneficial owner is a resident of the other Territory. Exemptions exist for territorial authorities, Central Banks and Export-Import Banks, and other mutually accepted institutions. Interest is defined as income from debt-claims, arises where the payer is resident or where tied to a permanent establishment or fixed base, and special-relationship excesss are limited to arm's length amounts. en-us Mon, 12 Sep 2011 18:30:59 +0530 Sat, 31 Aug 2024 13:29:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15170 Taxation of interest is allocated between source and residence; the residence State may tax interest paid to its residents, and the source State may also tax such interest but its tax is limited when the beneficial owner is a resident of the other Territory. Exemptions exist for territorial authorities, Central Banks and Export-Import Banks, and other mutually accepted institutions. Interest is defined as income from debt-claims, arises where the payer is resident or where tied to a permanent establishment or fixed base, and special-relationship excesss are limited to arm's length amounts. Act-Rules DTAA Mon, 12 Sep 2011 18:30:59 +0530 https://www.taxtmi.com/acts?id=15170