https://www.taxtmi.com/acts?id=4694 Taxation of capital is allocated by asset type and location: capital represented by immovable property or rights therein is taxable where situated; shares of companies whose assets are principally immovable are taxable where that property is located (excluding industrial or commercial property of the company); movable property of a permanent establishment or fixed base may be taxed where that establishment or base is located; ships and aircraft in international traffic are taxable only in the State of the enterprise's place of effective management; all other capital is taxable only in the State of residence. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 17 Jul 2024 18:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4694 Taxation of capital is allocated by asset type and location: capital represented by immovable property or rights therein is taxable where situated; shares of companies whose assets are principally immovable are taxable where that property is located (excluding industrial or commercial property of the company); movable property of a permanent establishment or fixed base may be taxed where that establishment or base is located; ships and aircraft in international traffic are taxable only in the State of the enterprise's place of effective management; all other capital is taxable only in the State of residence. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4694