https://www.taxtmi.com/acts?id=5510 Profits from the operation of ships or aircraft in international traffic are taxable only in the Contracting State of which the enterprise is a resident; this rule covers participation in pools, joint businesses, international operating agencies and the resident company's share of consortium profits. "Profits from international traffic" include revenues from transporting passengers, mail, livestock or goods by owners, lessees or charterers and related receipts such as ticket sales on behalf of others, incidental leases, and income from use, maintenance or rental of containers and related equipment. Interest accruing to a permanent establishment from such operations is likewise regarded as these profits, excluding investment interest. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 03 Dec 2024 15:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5510 Profits from the operation of ships or aircraft in international traffic are taxable only in the Contracting State of which the enterprise is a resident; this rule covers participation in pools, joint businesses, international operating agencies and the resident company's share of consortium profits. "Profits from international traffic" include revenues from transporting passengers, mail, livestock or goods by owners, lessees or charterers and related receipts such as ticket sales on behalf of others, incidental leases, and income from use, maintenance or rental of containers and related equipment. Interest accruing to a permanent establishment from such operations is likewise regarded as these profits, excluding investment interest. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5510