https://www.taxtmi.com/acts?id=34171 Business profits are taxable only in the enterprise's resident State unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Profits attributable must be those the establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment in accordance with the host State's tax laws. Customary apportionment or other prescribed methods may be used if they align with these principles; mere purchase of goods does not create attributed profits. en-us Fri, 28 Dec 2018 16:37:53 +0530 Thu, 21 Nov 2024 10:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34171 Business profits are taxable only in the enterprise's resident State unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Profits attributable must be those the establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment in accordance with the host State's tax laws. Customary apportionment or other prescribed methods may be used if they align with these principles; mere purchase of goods does not create attributed profits. Act-Rules DTAA Fri, 28 Dec 2018 16:37:53 +0530 https://www.taxtmi.com/acts?id=34171