https://www.taxtmi.com/acts?id=41705 Profits of an enterprise are taxable only in the state of residence unless the enterprise carries on business in the other State through a permanent establishment; then only profits attributable to that permanent establishment may be taxed there. Attribution follows the separate enterprise principle, allowing deduction of expenses incurred for the permanent establishment, including executive and administrative costs incurred in or outside the State. Customary apportionment methods may be used if consistent with the Article. No profits arise merely from purchases by the permanent establishment, and the attribution method should be applied year to year unless justified otherwise. en-us Fri, 05 May 2023 16:31:16 +0530 Fri, 08 Nov 2024 14:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41705 Profits of an enterprise are taxable only in the state of residence unless the enterprise carries on business in the other State through a permanent establishment; then only profits attributable to that permanent establishment may be taxed there. Attribution follows the separate enterprise principle, allowing deduction of expenses incurred for the permanent establishment, including executive and administrative costs incurred in or outside the State. Customary apportionment methods may be used if consistent with the Article. No profits arise merely from purchases by the permanent establishment, and the attribution method should be applied year to year unless justified otherwise. Act-Rules DTAA Fri, 05 May 2023 16:31:16 +0530 https://www.taxtmi.com/acts?id=41705