https://www.taxtmi.com/acts?id=6110 Income from immovable property is taxable only in the Contracting State where the property is situated. "Immovable property" is defined by the law and usage of that State and includes accessories to land, agricultural and forestry assets, certain rights including usufruct and payments for working natural resources, while excluding ships and aircraft. The territorial taxation rule covers income from direct use, letting, or other use of the property and applies to enterprise property and property used to provide professional services. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 09 Dec 2024 12:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6110 Income from immovable property is taxable only in the Contracting State where the property is situated. "Immovable property" is defined by the law and usage of that State and includes accessories to land, agricultural and forestry assets, certain rights including usufruct and payments for working natural resources, while excluding ships and aircraft. The territorial taxation rule covers income from direct use, letting, or other use of the property and applies to enterprise property and property used to provide professional services. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6110