https://www.taxtmi.com/acts?id=4907 Income from operation of ships in international traffic is taxable only in the enterprise's Contracting State; this includes profits from participation in pools, joint businesses or international operating agencies. Interest connected with ship operation is regarded as shipping income and Article 12 does not apply. Shipping income also covers rentals of ships on a full or bareboat basis when incidental to international operation and profits from use, maintenance or rental of containers; coastal traffic profits are excluded from paragraph 1. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Dec 2024 18:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4907 Income from operation of ships in international traffic is taxable only in the enterprise's Contracting State; this includes profits from participation in pools, joint businesses or international operating agencies. Interest connected with ship operation is regarded as shipping income and Article 12 does not apply. Shipping income also covers rentals of ships on a full or bareboat basis when incidental to international operation and profits from use, maintenance or rental of containers; coastal traffic profits are excluded from paragraph 1. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4907