https://www.taxtmi.com/acts?id=5034 Capital gains from disposal of immovable property and of shares in companies whose assets are principally immovable are taxable in the State where the property is situated. Movable property forming part of a permanent establishment or pertaining to a fixed base may be taxed in the State where that establishment or fixed base is located, including disposals of the establishment or fixed base. Exceptions: disposals of ships and aircraft operated in international traffic and related movable property are taxable only in the enterprise's State. Other property disposals are taxable only in the alienator's State. "Alienation" is determined by the law of the State where the property is situated. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 07 Mar 2009 10:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5034 Capital gains from disposal of immovable property and of shares in companies whose assets are principally immovable are taxable in the State where the property is situated. Movable property forming part of a permanent establishment or pertaining to a fixed base may be taxed in the State where that establishment or fixed base is located, including disposals of the establishment or fixed base. Exceptions: disposals of ships and aircraft operated in international traffic and related movable property are taxable only in the enterprise's State. Other property disposals are taxable only in the alienator's State. "Alienation" is determined by the law of the State where the property is situated. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5034