https://www.taxtmi.com/acts?id=6081 Profits from operation of ships in international traffic by an enterprise are taxable exclusively in that State and include revenue from sea transportation of passengers, mail, livestock and goods, charter or rental of ships incidental to such transportation, rental of containers and related equipment, and gains on alienation of ships, containers and related equipment. Interest on funds connected with ship operations is treated as shipping profits and Article 11 does not apply; the rules also cover participation in pools, joint businesses and international operating agencies. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 03 Dec 2024 11:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6081 Profits from operation of ships in international traffic by an enterprise are taxable exclusively in that State and include revenue from sea transportation of passengers, mail, livestock and goods, charter or rental of ships incidental to such transportation, rental of containers and related equipment, and gains on alienation of ships, containers and related equipment. Interest on funds connected with ship operations is treated as shipping profits and Article 11 does not apply; the rules also cover participation in pools, joint businesses and international operating agencies. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6081