https://www.taxtmi.com/acts?id=45510 Profits of an enterprise are taxable only in the State of residence unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Attributable profits are determined by the separate and independent enterprise principle and permit deductions for expenses incurred for the purposes of the permanent establishment, subject to domestic law; mere purchase of goods does not give rise to attributed profits, and attribution methods should be applied consistently year to year. en-us Fri, 18 Oct 2024 15:30:22 +0530 Tue, 22 Oct 2024 18:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45510 Profits of an enterprise are taxable only in the State of residence unless the enterprise carries on business through a permanent establishment in the other State, in which case only profits attributable to that permanent establishment may be taxed there. Attributable profits are determined by the separate and independent enterprise principle and permit deductions for expenses incurred for the purposes of the permanent establishment, subject to domestic law; mere purchase of goods does not give rise to attributed profits, and attribution methods should be applied consistently year to year. Act-Rules DTAA Fri, 18 Oct 2024 15:30:22 +0530 https://www.taxtmi.com/acts?id=45510