https://www.taxtmi.com/acts?id=4501 Income from immovable property may be taxed in the Contracting State where the property is situated. 'Immovable property' is defined by the law of the State where the property is located and includes accessories, agricultural and forestry livestock and equipment, usufruct, and rights to payments for working mineral deposits and other natural resources, but excludes ships and aircraft. The rule covers income from direct use, letting or any other form of use and applies to enterprises and to property used for independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 08 Nov 2024 15:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4501 Income from immovable property may be taxed in the Contracting State where the property is situated. 'Immovable property' is defined by the law of the State where the property is located and includes accessories, agricultural and forestry livestock and equipment, usufruct, and rights to payments for working mineral deposits and other natural resources, but excludes ships and aircraft. The rule covers income from direct use, letting or any other form of use and applies to enterprises and to property used for independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4501