https://www.taxtmi.com/acts?id=16745 An enterprise's profits are taxable only in its State of residence unless it operates in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attributable profits are those the permanent establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to domestic deductibility rules, with restrictions on non reimbursed royalties, management charges, commissions and, except for banks, interest. en-us Tue, 31 Jul 2012 11:37:13 +0530 Sat, 16 Nov 2024 12:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16745 An enterprise's profits are taxable only in its State of residence unless it operates in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Attributable profits are those the permanent establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to domestic deductibility rules, with restrictions on non reimbursed royalties, management charges, commissions and, except for banks, interest. Act-Rules DTAA Tue, 31 Jul 2012 11:37:13 +0530 https://www.taxtmi.com/acts?id=16745