https://www.taxtmi.com/notifications?id=117041 The Agreement between India and Bhutan allocates taxing rights to avoid double taxation and prevent fiscal evasion by defining persons and taxes covered, residence rules, and the roles of competent authorities. It sets out source state and residence state taxation across income categories-notably business profits attributable to a permanent establishment, dividends, interest, royalties, capital gains and employment income-provides methods for elimination of double taxation, mutual agreement and dispute resolution procedures, exchange of information and assistance in tax collection, and a Limitation of Benefits rule denying treaty advantages in cases lacking bona fide economic substance. en-us Fri, 05 Sep 2014 00:00:00 +0530 Tue, 26 Nov 2024 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117041 The Agreement between India and Bhutan allocates taxing rights to avoid double taxation and prevent fiscal evasion by defining persons and taxes covered, residence rules, and the roles of competent authorities. It sets out source state and residence state taxation across income categories-notably business profits attributable to a permanent establishment, dividends, interest, royalties, capital gains and employment income-provides methods for elimination of double taxation, mutual agreement and dispute resolution procedures, exchange of information and assistance in tax collection, and a Limitation of Benefits rule denying treaty advantages in cases lacking bona fide economic substance. Notifications Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117041