https://www.taxtmi.com/acts?id=45315 Taxation of business profits is confined to the enterprise's State of residence unless the enterprise operates in the other Contracting State through a permanent establishment, in which case only profits attributable to that establishment may be taxed there. Attributable profits are those the establishment would earn as a distinct and separate enterprise under similar conditions. Deductions are allowed for expenses incurred for the permanent establishment, including executive and general administrative expenses subject to local tax law limitations, and mere purchases of goods do not generate attributable profits. en-us Fri, 18 Oct 2024 11:52:33 +0530 Fri, 18 Oct 2024 11:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45315 Taxation of business profits is confined to the enterprise's State of residence unless the enterprise operates in the other Contracting State through a permanent establishment, in which case only profits attributable to that establishment may be taxed there. Attributable profits are those the establishment would earn as a distinct and separate enterprise under similar conditions. Deductions are allowed for expenses incurred for the permanent establishment, including executive and general administrative expenses subject to local tax law limitations, and mere purchases of goods do not generate attributable profits. Act-Rules DTAA Fri, 18 Oct 2024 11:52:33 +0530 https://www.taxtmi.com/acts?id=45315