https://www.taxtmi.com/acts?id=4503 Profits from operating ships or aircraft in international traffic by a resident enterprise are taxable only in the resident State; such profits include carriage revenues, ticket sales, rental of vessels or aircraft connected with transport, and income from use or rental of containers. Interest directly connected with these operations is regarded as transport profits and not governed by the separate interest provision. The exclusive taxing right also covers profits from participation in pools, joint businesses, or international operating agencies. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 08 Nov 2024 15:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4503 Profits from operating ships or aircraft in international traffic by a resident enterprise are taxable only in the resident State; such profits include carriage revenues, ticket sales, rental of vessels or aircraft connected with transport, and income from use or rental of containers. Interest directly connected with these operations is regarded as transport profits and not governed by the separate interest provision. The exclusive taxing right also covers profits from participation in pools, joint businesses, or international operating agencies. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4503