https://www.taxtmi.com/acts?id=6065 Capital taxation is allocated by asset type and business connection: immovable property is taxable in the State where situated; movable property forming part of a permanent establishment or pertaining to a fixed base for independent services may be taxed in the State where the establishment or fixed base is located; ships and aircraft in international traffic and their operational movable property are taxable only in the State of residence of the enterprise; all other capital elements of a resident are taxable only in the State of residence. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Sep 2024 15:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6065 Capital taxation is allocated by asset type and business connection: immovable property is taxable in the State where situated; movable property forming part of a permanent establishment or pertaining to a fixed base for independent services may be taxed in the State where the establishment or fixed base is located; ships and aircraft in international traffic and their operational movable property are taxable only in the State of residence of the enterprise; all other capital elements of a resident are taxable only in the State of residence. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6065