https://www.taxtmi.com/acts?id=5205 Income derived by a resident of one Contracting State from immovable property situated in the other State may be taxed in that other State. The term immovable property is defined by the law of the State where the property is located and includes accessories, agricultural and forestry assets, usufruct and rights to payments for working natural resources, while excluding ships, land vehicles and aircraft. The taxing right covers direct use, letting, other forms of exploitation, enterprise income from immovable property and immovable property used for independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 25 Nov 2024 14:17:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5205 Income derived by a resident of one Contracting State from immovable property situated in the other State may be taxed in that other State. The term immovable property is defined by the law of the State where the property is located and includes accessories, agricultural and forestry assets, usufruct and rights to payments for working natural resources, while excluding ships, land vehicles and aircraft. The taxing right covers direct use, letting, other forms of exploitation, enterprise income from immovable property and immovable property used for independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5205