https://www.taxtmi.com/acts?id=45605 Taxation of business profits is confined to the State of residence unless the enterprise operates in the other State through a permanent establishment; then only profits attributable to that permanent establishment, sales or similar activities may be taxed there. Attributable profits are determined as though the permanent establishment were an independent enterprise dealing at arm's length, permitting deductions for business expenses subject to local limitations, while disallowing non reimbursed intercompany charges such as royalties, management fees and, except for banks, interest. en-us Fri, 18 Oct 2024 18:14:32 +0530 Wed, 23 Oct 2024 16:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45605 Taxation of business profits is confined to the State of residence unless the enterprise operates in the other State through a permanent establishment; then only profits attributable to that permanent establishment, sales or similar activities may be taxed there. Attributable profits are determined as though the permanent establishment were an independent enterprise dealing at arm's length, permitting deductions for business expenses subject to local limitations, while disallowing non reimbursed intercompany charges such as royalties, management fees and, except for banks, interest. Act-Rules DTAA Fri, 18 Oct 2024 18:14:32 +0530 https://www.taxtmi.com/acts?id=45605