https://www.taxtmi.com/acts?id=4196 Immovable property situated in a Contracting State may be taxed by that State on alienation by a resident of the other State. Property forming part of the business property of a permanent establishment or pertaining to a fixed base in the other State may be taxed by that other State when alienated, including alienation of the permanent establishment or fixed base. Ships or aircraft operated in international traffic are taxable only in the enterprise's State of residence. Share disposals are taxed by reference to whether the company's assets consist principally of immovable property situated in a Contracting State or to the company's State of residence. Domestic rules on other capital gains remain unaffected. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 25 Nov 2024 15:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4196 Immovable property situated in a Contracting State may be taxed by that State on alienation by a resident of the other State. Property forming part of the business property of a permanent establishment or pertaining to a fixed base in the other State may be taxed by that other State when alienated, including alienation of the permanent establishment or fixed base. Ships or aircraft operated in international traffic are taxable only in the enterprise's State of residence. Share disposals are taxed by reference to whether the company's assets consist principally of immovable property situated in a Contracting State or to the company's State of residence. Domestic rules on other capital gains remain unaffected. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4196