https://www.taxtmi.com/acts?id=4764 Gains from alienation of immovable property are taxable in the State where the property is situated. Gains from alienation of movable property forming part of the business property of a permanent establishment, or movable property pertaining to a fixed base used for independent personal services, including disposals of that permanent establishment or fixed base, may be taxed in the State where it is located. Enterprise gains from ships or aircraft in international traffic are taxable only in the enterprise's State of residence. Shares in companies whose property principally comprises immovable property may be taxed where that immovable property is situated. Other gains are taxable only in the alienator's State of residence, unless not taxed there. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 Nov 2024 17:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4764 Gains from alienation of immovable property are taxable in the State where the property is situated. Gains from alienation of movable property forming part of the business property of a permanent establishment, or movable property pertaining to a fixed base used for independent personal services, including disposals of that permanent establishment or fixed base, may be taxed in the State where it is located. Enterprise gains from ships or aircraft in international traffic are taxable only in the enterprise's State of residence. Shares in companies whose property principally comprises immovable property may be taxed where that immovable property is situated. Other gains are taxable only in the alienator's State of residence, unless not taxed there. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4764