https://www.taxtmi.com/acts?id=4248 Income from immovable property is taxable only in the Contracting State where the property is situated, covering income from direct use, letting, or other exploitation. The term immovable property is defined by the law and usage of that State and includes accessories, agricultural livestock and equipment, lights governed by landed property law, usufructs, and rights to payments for working mineral deposits and other natural resources; ships and aircraft are excluded. The situs taxation rule also applies to enterprise income and income used for independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 04 Nov 2024 16:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4248 Income from immovable property is taxable only in the Contracting State where the property is situated, covering income from direct use, letting, or other exploitation. The term immovable property is defined by the law and usage of that State and includes accessories, agricultural livestock and equipment, lights governed by landed property law, usufructs, and rights to payments for working mineral deposits and other natural resources; ships and aircraft are excluded. The situs taxation rule also applies to enterprise income and income used for independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4248