https://www.taxtmi.com/acts?id=45071 Dividends paid by a resident company may be taxed in the recipient's State of residence, while the source State may also tax such dividends subject to a limited withholding cap when the beneficial owner is resident of the other State. Dividends encompass income from shares and similar profit participating rights. The reduced source tax treatment is inapplicable where the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source State, in which case rules on business profits or independent services apply; source States likewise may not tax undistributed profits arising in the other State. en-us Wed, 16 Oct 2024 18:24:32 +0530 Tue, 22 Oct 2024 14:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45071 Dividends paid by a resident company may be taxed in the recipient's State of residence, while the source State may also tax such dividends subject to a limited withholding cap when the beneficial owner is resident of the other State. Dividends encompass income from shares and similar profit participating rights. The reduced source tax treatment is inapplicable where the beneficial owner's holding is effectively connected with a permanent establishment or fixed base in the source State, in which case rules on business profits or independent services apply; source States likewise may not tax undistributed profits arising in the other State. Act-Rules DTAA Wed, 16 Oct 2024 18:24:32 +0530 https://www.taxtmi.com/acts?id=45071