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ARTICLE 7 - Business profits - 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.

You must provide your employer with rent receipts or the rental agreement with the property owner in order to qualify for the HRA exemption. If the rent is paid above Rs 1 lakh yearly, or Rs 8,333 per month, quoting the landlord's Permanent Account Number (PAN) is necessary to receive the full HRA exemption.

DTAA Rates The rates and rules of DTAA vary from country to country depending on the particular signed between both parties. TDS rates on interests earned for most countries is either 10% or 15%, though rates range from 7.50% to 15%. List of DTAA rates for particular countries is given in the next section.

In UP, the stamp duty charge for a rent agreement is 4% of the annual rent + deposit, if the lease period is less than one year. If the required stamp duty is not paid, in case a dispute arises, the court may sentence you to pay ten times the original stamp duty as a penalty.

11-month rental agreement stamp paper value in Bihar or any other state is Rs. 100 or Rs. 200 (may vary). An additional amount of 1% of rent value and annual paid deposit or Rs.

When is it needed? You will need a rent agreement for GST registration purposes under section 27(2)(iii) of CGST Act 2017 if the immovable property costs more than ?50 Lakhs per annum. Registration of rent agreements is mandatory for any lease exceeding a specific duration (e.g. 11 months).

The stamp duty applicable on the rent agreement is as mentioned below: For rent agreements of less than 12 months: 2% of the total annual rent. For an agreement period of more than one year and up to five years: 2% of total rent in the first three years.