https://www.taxtmi.com/acts?id=45165 Profits of an enterprise are taxable only in the State of residence unless business is carried on in the other State through a permanent establishment; only profits attributable to that establishment may be taxed there. Attributed profits should reflect what the establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the establishment subject to local tax law, while excluding non reimbursed head office charges such as royalties, management fees, commissions and, except for banks, interest. en-us Thu, 17 Oct 2024 16:13:43 +0530 Tue, 22 Oct 2024 12:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45165 Profits of an enterprise are taxable only in the State of residence unless business is carried on in the other State through a permanent establishment; only profits attributable to that establishment may be taxed there. Attributed profits should reflect what the establishment would earn as a distinct and separate enterprise under similar conditions, allowing deductions for expenses incurred for the establishment subject to local tax law, while excluding non reimbursed head office charges such as royalties, management fees, commissions and, except for banks, interest. Act-Rules DTAA Thu, 17 Oct 2024 16:13:43 +0530 https://www.taxtmi.com/acts?id=45165