https://www.taxtmi.com/acts?id=37730 Interest may be taxed in the recipient's State of residence and also in the State where it arises; however, where the recipient is the beneficial owner, source taxation is subject to a withholding cap and specified exemptions apply for interest beneficially owned by governments, political sub-divisions, local authorities, the Central Bank, and certain export-import financing arrangements. Interest connected with a permanent establishment or fixed base is taxable under the rules for business profits or independent personal services, and amounts in excess of an arm's-length interest are taxable according to domestic law. en-us Thu, 19 Sep 2019 17:26:46 +0530 Fri, 29 Nov 2024 18:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37730 Interest may be taxed in the recipient's State of residence and also in the State where it arises; however, where the recipient is the beneficial owner, source taxation is subject to a withholding cap and specified exemptions apply for interest beneficially owned by governments, political sub-divisions, local authorities, the Central Bank, and certain export-import financing arrangements. Interest connected with a permanent establishment or fixed base is taxable under the rules for business profits or independent personal services, and amounts in excess of an arm's-length interest are taxable according to domestic law. Act-Rules DTAA Thu, 19 Sep 2019 17:26:46 +0530 https://www.taxtmi.com/acts?id=37730