https://www.taxtmi.com/acts?id=5325 Profits from operating aircraft in international traffic are taxable only in the State of the place of effective management; this includes incidental bareboat rental profits and interest on funds connected with such operations, with that interest treated as operational profits and not governed by the separate interest provision. The same exclusive taxing rule applies to profits from participation in a pool, joint business or international operating agency. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 12 Dec 2024 12:18:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5325 Profits from operating aircraft in international traffic are taxable only in the State of the place of effective management; this includes incidental bareboat rental profits and interest on funds connected with such operations, with that interest treated as operational profits and not governed by the separate interest provision. The same exclusive taxing rule applies to profits from participation in a pool, joint business or international operating agency. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5325