https://www.taxtmi.com/acts?id=44727 Interest may be taxed in the recipient's residence, but the source State may also tax it subject to a withholding limitation when the beneficial owner is resident in the other Contracting State. Exemptions apply for the other State, its political subdivisions, central bank and certain public financial institutions, and for approved transactions by other residents. Interest is broadly defined as income from debt claims; penalty charges are excluded. Where the beneficial owner has a permanent establishment or fixed base to which the debt is effectively connected, business or service taxation rules apply, and a deeming rule allocates source to the payer's residence or the permanent establishment's State. en-us Wed, 16 Oct 2024 14:20:41 +0530 Tue, 22 Oct 2024 15:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44727 Interest may be taxed in the recipient's residence, but the source State may also tax it subject to a withholding limitation when the beneficial owner is resident in the other Contracting State. Exemptions apply for the other State, its political subdivisions, central bank and certain public financial institutions, and for approved transactions by other residents. Interest is broadly defined as income from debt claims; penalty charges are excluded. Where the beneficial owner has a permanent establishment or fixed base to which the debt is effectively connected, business or service taxation rules apply, and a deeming rule allocates source to the payer's residence or the permanent establishment's State. Act-Rules DTAA Wed, 16 Oct 2024 14:20:41 +0530 https://www.taxtmi.com/acts?id=44727