https://www.taxtmi.com/acts?id=44852 The DTAA permits the residence State to tax interest paid to its residents while allowing source taxation subject to a withholding tax limitation where the beneficial owner is resident in the other Contracting State; competent authorities shall agree the mode of application. Exemptions from source taxation include interest beneficially owned by Governments, political subdivisions, central banks, specified export-import banks, residents in cases of loans guaranteed or insured by those banks, and other mutually agreed banks or financial institutions. Interest is defined broadly and penalty charges for late payment are excluded. en-us Wed, 16 Oct 2024 15:53:23 +0530 Tue, 22 Oct 2024 15:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44852 The DTAA permits the residence State to tax interest paid to its residents while allowing source taxation subject to a withholding tax limitation where the beneficial owner is resident in the other Contracting State; competent authorities shall agree the mode of application. Exemptions from source taxation include interest beneficially owned by Governments, political subdivisions, central banks, specified export-import banks, residents in cases of loans guaranteed or insured by those banks, and other mutually agreed banks or financial institutions. Interest is defined broadly and penalty charges for late payment are excluded. Act-Rules DTAA Wed, 16 Oct 2024 15:53:23 +0530 https://www.taxtmi.com/acts?id=44852