https://www.taxtmi.com/acts?id=5265 Income derived by a resident from immovable property situated in the other Contracting State may be taxed in the State where the property is located. Immovable property is defined by the law of the State where it lies and includes accessories, agricultural assets, usufruct and rights to payments for working natural resources, excluding ships, boats and aircraft. The rule covers income from direct use, letting or other forms of use, income of enterprises from immovable property, income used for independent personal services, and income to owners entitled to enjoyment of property through shares or other rights, notwithstanding provisions governing business or service income. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Nov 2024 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5265 Income derived by a resident from immovable property situated in the other Contracting State may be taxed in the State where the property is located. Immovable property is defined by the law of the State where it lies and includes accessories, agricultural assets, usufruct and rights to payments for working natural resources, excluding ships, boats and aircraft. The rule covers income from direct use, letting or other forms of use, income of enterprises from immovable property, income used for independent personal services, and income to owners entitled to enjoyment of property through shares or other rights, notwithstanding provisions governing business or service income. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5265