https://www.taxtmi.com/acts?id=5479 Profits from operating aircraft in international traffic are taxable only in the enterprise's Contracting State of residence; this exclusivity covers participation in pools, joint businesses or international operating agencies and includes interest on funds connected with aircraft operations, which is treated as operational profit. "Operation of aircraft" includes air transportation of passengers, mail, livestock or goods by owners, lessees or charterers, ticket sales on behalf of others, incidental aircraft leasing and other activities directly connected with such transportation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 Nov 2024 11:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5479 Profits from operating aircraft in international traffic are taxable only in the enterprise's Contracting State of residence; this exclusivity covers participation in pools, joint businesses or international operating agencies and includes interest on funds connected with aircraft operations, which is treated as operational profit. "Operation of aircraft" includes air transportation of passengers, mail, livestock or goods by owners, lessees or charterers, ticket sales on behalf of others, incidental aircraft leasing and other activities directly connected with such transportation. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5479