https://www.taxtmi.com/acts?id=5323 Income from immovable property derived by a resident of one Contracting State from property situated in the other Contracting State may be taxed in the State where the property is situated. Immovable property is defined by local law and includes accessories, agricultural livestock and equipment, landed-property rights, usufruct and payments for exploiting mineral and natural resources; ships and aircraft are excluded. The rule covers income from direct use, letting, other uses, enterprise property income and property used for independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 12 Dec 2024 12:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5323 Income from immovable property derived by a resident of one Contracting State from property situated in the other Contracting State may be taxed in the State where the property is situated. Immovable property is defined by local law and includes accessories, agricultural livestock and equipment, landed-property rights, usufruct and payments for exploiting mineral and natural resources; ships and aircraft are excluded. The rule covers income from direct use, letting, other uses, enterprise property income and property used for independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5323