https://www.taxtmi.com/acts?id=5840 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located. "Immovable property" is defined by the law of the State in which the property is situated and includes property accessory, livestock and equipment used in agriculture and forestry, landed-property rights, buildings, usufruct, and rights to payments for working or the right to work natural resources; ships, boats and aircraft are excluded. The rule applies to direct use, letting or other forms of use and covers enterprise property income and property used to perform independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Nov 2024 14:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5840 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located. "Immovable property" is defined by the law of the State in which the property is situated and includes property accessory, livestock and equipment used in agriculture and forestry, landed-property rights, buildings, usufruct, and rights to payments for working or the right to work natural resources; ships, boats and aircraft are excluded. The rule applies to direct use, letting or other forms of use and covers enterprise property income and property used to perform independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5840