https://www.taxtmi.com/acts?id=6048 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; this includes agricultural and forestry income and applies to direct use, letting or other forms of use. The term "immovable property" is defined by local law and specifically includes property accessories, livestock and equipment used in agriculture and forestry, usufruct, and rights to payments for working mineral deposits and other natural resources, while excluding ships and aircraft. The rule also covers enterprise income and income used for independent personal services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Sep 2024 15:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6048 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; this includes agricultural and forestry income and applies to direct use, letting or other forms of use. The term "immovable property" is defined by local law and specifically includes property accessories, livestock and equipment used in agriculture and forestry, usufruct, and rights to payments for working mineral deposits and other natural resources, while excluding ships and aircraft. The rule also covers enterprise income and income used for independent personal services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6048