https://www.taxtmi.com/acts?id=5938 Gains from alienation of immovable property are taxable in the State where the property is situated. Gains from alienation of movable property forming part of a permanent establishment or pertaining to a fixed base may be taxed in the State where that permanent establishment or fixed base is located; ships and aircraft operated in international traffic and related movable property remain taxable only in the enterprise's State of residence. Other gains by a resident are taxable only in the resident's State. "Alienation" is defined broadly to include sale, exchange, transfer, relinquishment, extinguishment of rights or compulsory acquisition. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 07 Mar 2009 10:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5938 Gains from alienation of immovable property are taxable in the State where the property is situated. Gains from alienation of movable property forming part of a permanent establishment or pertaining to a fixed base may be taxed in the State where that permanent establishment or fixed base is located; ships and aircraft operated in international traffic and related movable property remain taxable only in the enterprise's State of residence. Other gains by a resident are taxable only in the resident's State. "Alienation" is defined broadly to include sale, exchange, transfer, relinquishment, extinguishment of rights or compulsory acquisition. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5938