https://www.taxtmi.com/acts?id=4759 Profits from operation of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State. This includes ticket sales on behalf of others, activities directly connected with transportation, rental incidental to transportation, and use or rental of containers and related equipment. Participation in pools, joint businesses, code sharing or international operating agencies is covered. Interest connected with operation is treated as such profits and Article 11 does not apply. Gains on alienation of ships, aircraft or containers used in these operations are taxable only in the enterprise's State. Income from operation between the other Contracting State's ports and third-country ports may be taxed by that other State but with a tax reduction equal to 50% of the tax imposed. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 Nov 2024 17:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4759 Profits from operation of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State. This includes ticket sales on behalf of others, activities directly connected with transportation, rental incidental to transportation, and use or rental of containers and related equipment. Participation in pools, joint businesses, code sharing or international operating agencies is covered. Interest connected with operation is treated as such profits and Article 11 does not apply. Gains on alienation of ships, aircraft or containers used in these operations are taxable only in the enterprise's State. Income from operation between the other Contracting State's ports and third-country ports may be taxed by that other State but with a tax reduction equal to 50% of the tax imposed. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4759