https://www.taxtmi.com/forum/issue?id=108110 The proposal amends domestic law to deem that, for a non-resident engaged in banking, interest payable by its Indian permanent establishment to the head office, other permanent establishments or any part outside India shall be treated as accruing or arising in India and chargeable to tax; the PE will be deemed separate and independent for computation of income and will be required to deduct tax at source on such payments, with non-deduction resulting in disallowance and potential interest and penalty. en-us Sat, 28 Feb 2015 19:52:54 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108110 The proposal amends domestic law to deem that, for a non-resident engaged in banking, interest payable by its Indian permanent establishment to the head office, other permanent establishments or any part outside India shall be treated as accruing or arising in India and chargeable to tax; the PE will be deemed separate and independent for computation of income and will be required to deduct tax at source on such payments, with non-deduction resulting in disallowance and potential interest and penalty. Discussion-Forum Income Tax Sat, 28 Feb 2015 19:52:54 +0530 https://www.taxtmi.com/forum/issue?id=108110