https://www.taxtmi.com/acts?id=5061 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in that State, covering direct use, letting or other forms of exploitation, including agriculture and forestry. "Immovable property" is determined by the law of the State where the property is located and includes accessories, livestock, agricultural equipment, usufruct and rights to payments for working mineral deposits and other natural resources, while excluding ships, aircraft and vehicles. The rule applies to enterprises, independent personal services and to rights to enjoyment of company-held property. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 25 Nov 2024 16:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5061 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in that State, covering direct use, letting or other forms of exploitation, including agriculture and forestry. "Immovable property" is determined by the law of the State where the property is located and includes accessories, livestock, agricultural equipment, usufruct and rights to payments for working mineral deposits and other natural resources, while excluding ships, aircraft and vehicles. The rule applies to enterprises, independent personal services and to rights to enjoyment of company-held property. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5061