https://www.taxtmi.com/acts?id=37670 Taxation of business profits is limited to the residence State unless the enterprise carries on business in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed. Attribution should reflect the profits the permanent establishment would earn as a distinct enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to the host State's tax law, and applying a consistent method year to year unless a good reason requires change. en-us Thu, 19 Sep 2019 12:50:53 +0530 Mon, 09 Dec 2024 11:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37670 Taxation of business profits is limited to the residence State unless the enterprise carries on business in the other State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed. Attribution should reflect the profits the permanent establishment would earn as a distinct enterprise under similar conditions, allowing deductions for expenses incurred for the permanent establishment subject to the host State's tax law, and applying a consistent method year to year unless a good reason requires change. Act-Rules DTAA Thu, 19 Sep 2019 12:50:53 +0530 https://www.taxtmi.com/acts?id=37670