Interest

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..... s a resident of the other Contracting State the tax so charged shall not exceed :- (a) 10 per cent of the gross amount of the interest, if such interest is paid on any loan of whatever kind granted by a bank; and (b) 15 per cent of the gross amount of the interest in all other cases. 3. The term interest as used in this Article means income from debt-claims of every kind, whether or not secured by .....

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..... e debt-claim in respect of which the interest is paid is effectively connected with such permanent establishment or fixed base. In such case, the provisions of Article 7 or Article 14, as the case may be, shall apply. 5. Interest shall be deemed to arise in a Contracting State when the payer is that State itself, a political sub-division, a local authority or a resident of that State. Where, howev .....

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..... s of this Article shall apply only to the last-mentioned amount. In such case, the excess part of the payments shall remain taxable according to the laws of each Contracting State. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax - Double Ta .....

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