Australian Tax Treaties

Indian Agreement  

Indian Protocol (No 1)  

ARTICLE 3  
Article 7 of the Agreement is amended by omitting paragraph 1 and substituting:

" (1)
The profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a permanent establishment situated therein. If the enterprise carries on business as aforesaid, the profits of the enterprise may be taxed in the other State but only so much of them as is attributable to that permanent establishment. "