https://www.taxtmi.com/acts?id=45577 Dividends may be taxed in the recipient's State of residence, but the source State where the paying company is resident may also tax such dividends subject to capped withholding rates and a reduced rate where the beneficial owner is a company meeting a qualifying uninterrupted ownership threshold. Dividends are broadly defined to include share-like profit participations. If the beneficial owner carries on business through a permanent establishment or performs independent services from a fixed base in the source State and the holding is effectively connected with that nexus, taxation follows the rules for business profits or independent personal services; the source State generally may not tax undistributed profits except as permitted. en-us Fri, 18 Oct 2024 17:10:19 +0530 Wed, 23 Oct 2024 16:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45577 Dividends may be taxed in the recipient's State of residence, but the source State where the paying company is resident may also tax such dividends subject to capped withholding rates and a reduced rate where the beneficial owner is a company meeting a qualifying uninterrupted ownership threshold. Dividends are broadly defined to include share-like profit participations. If the beneficial owner carries on business through a permanent establishment or performs independent services from a fixed base in the source State and the holding is effectively connected with that nexus, taxation follows the rules for business profits or independent personal services; the source State generally may not tax undistributed profits except as permitted. Act-Rules DTAA Fri, 18 Oct 2024 17:10:19 +0530 https://www.taxtmi.com/acts?id=45577