https://www.taxtmi.com/acts?id=5154 Gains from alienation of immovable property and of shares in companies whose assets are principally immovable may be taxed in the State where the property or principal assets are situated. Movable property forming part of a permanent establishment or fixed base may be taxed in the State where that establishment or base exists; ships and aircraft in international traffic and their operational movable property are taxable only in the alienator's State of residence. Other shares in resident companies and other property gains are taxable only in the alienator's State of residence. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 07 Mar 2009 10:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5154 Gains from alienation of immovable property and of shares in companies whose assets are principally immovable may be taxed in the State where the property or principal assets are situated. Movable property forming part of a permanent establishment or fixed base may be taxed in the State where that establishment or base exists; ships and aircraft in international traffic and their operational movable property are taxable only in the alienator's State of residence. Other shares in resident companies and other property gains are taxable only in the alienator's State of residence. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5154