https://www.taxtmi.com/acts?id=5720 Profits from operating ships or aircraft in international traffic are taxable only in the Contracting State of the enterprise. This includes profits from bare boat rentals and incidental container rentals. Interest connected with such operations is treated as operational profits and the separate interest rules do not apply. The rule also covers profits from participation in pools, joint businesses, or international operating agencies. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 29 Aug 2024 18:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5720 Profits from operating ships or aircraft in international traffic are taxable only in the Contracting State of the enterprise. This includes profits from bare boat rentals and incidental container rentals. Interest connected with such operations is treated as operational profits and the separate interest rules do not apply. The rule also covers profits from participation in pools, joint businesses, or international operating agencies. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5720