https://www.taxtmi.com/highlights?id=61872 Taxability of income in India - Interest income on income tax refund - As referring to relevant Article 11 of Indo-US DTAA with regard to interest it can be concluded that interest on income tax refund is not effectively connected with the PE either on the basis of asset- test or activity- test. Hence, it is taxable as per the provisions in the Para No. 2 of Article XI of Indo- US DTAA. - AT en-us Tue, 08 Feb 2022 06:54:55 +0530 Tue, 08 Feb 2022 06:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61872 Taxability of income in India - Interest income on income tax refund - As referring to relevant Article 11 of Indo-US DTAA with regard to interest it can be concluded that interest on income tax refund is not effectively connected with the PE either on the basis of asset- test or activity- test. Hence, it is taxable as per the provisions in the Para No. 2 of Article XI of Indo- US DTAA. - AT Highlights Income Tax Tue, 08 Feb 2022 06:54:55 +0530 https://www.taxtmi.com/highlights?id=61872