https://www.taxtmi.com/acts?id=5902 Profits from operating aircraft in international traffic are taxable only in the Contracting State of the enterprise's place of effective management, including shares of profits from pools, joint businesses or international operating agencies. Interest connected with such operation is treated as operational profit and excluded from application of other income provisions. "Operation of aircraft" encompasses carriage of persons, luggage, livestock, goods or mail by carriers, lessees or charterers, sale of tickets on behalf of other enterprises, incidental leasing and other activities directly connected with that transportation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 13:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5902 Profits from operating aircraft in international traffic are taxable only in the Contracting State of the enterprise's place of effective management, including shares of profits from pools, joint businesses or international operating agencies. Interest connected with such operation is treated as operational profit and excluded from application of other income provisions. "Operation of aircraft" encompasses carriage of persons, luggage, livestock, goods or mail by carriers, lessees or charterers, sale of tickets on behalf of other enterprises, incidental leasing and other activities directly connected with that transportation. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5902