https://www.taxtmi.com/acts?id=5183 Article 13 prescribes that capital gains from alienation of immovable property are taxable in the State where the property is situated; gains from movable property forming part of a permanent establishment or pertaining to a fixed base are taxable in the State of that establishment or base; gains from ships and aircraft in international traffic are taxable in the State of the enterprise's place of effective management; shares of a resident company may be taxed in the company's State of residence; other gains are taxable only in the alienator's State of residence. "Alienation" is defined broadly. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Nov 2024 12:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5183 Article 13 prescribes that capital gains from alienation of immovable property are taxable in the State where the property is situated; gains from movable property forming part of a permanent establishment or pertaining to a fixed base are taxable in the State of that establishment or base; gains from ships and aircraft in international traffic are taxable in the State of the enterprise's place of effective management; shares of a resident company may be taxed in the company's State of residence; other gains are taxable only in the alienator's State of residence. "Alienation" is defined broadly. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5183