https://www.taxtmi.com/acts?id=18000 Taxation of business profits is limited to the State of the enterprise unless the enterprise carries on business in the other State through a permanent establishment, in which case only profits attributable to that PE may be taxed there. Profits attributable to a PE are determined on the separate enterprise basis; allowable deductions include expenses incurred for the PE, subject to local tax law limits, but not notional payments between PE and head office (except reimbursements and certain banking interest), and profits from mere purchase of goods are not attributed to the PE. en-us Mon, 22 Jul 2013 16:42:36 +0530 Sat, 16 Nov 2024 13:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18000 Taxation of business profits is limited to the State of the enterprise unless the enterprise carries on business in the other State through a permanent establishment, in which case only profits attributable to that PE may be taxed there. Profits attributable to a PE are determined on the separate enterprise basis; allowable deductions include expenses incurred for the PE, subject to local tax law limits, but not notional payments between PE and head office (except reimbursements and certain banking interest), and profits from mere purchase of goods are not attributed to the PE. Act-Rules DTAA Mon, 22 Jul 2013 16:42:36 +0530 https://www.taxtmi.com/acts?id=18000