https://www.taxtmi.com/acts?id=6160 Income from operation of ships in international traffic is taxable only in the enterprise's Contracting State, except for journeys between places in the other State. This treatment includes bareboat rental incidental to shipping operations and extends to use, maintenance or rental of containers and related equipment. Participation in pools, joint businesses or international operating agencies is covered, and gains on alienation of ships or containers are taxable only in the enterprise's State where operational income was so taxed or the assets were situated outside the other State at alienation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 08 Oct 2024 10:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6160 Income from operation of ships in international traffic is taxable only in the enterprise's Contracting State, except for journeys between places in the other State. This treatment includes bareboat rental incidental to shipping operations and extends to use, maintenance or rental of containers and related equipment. Participation in pools, joint businesses or international operating agencies is covered, and gains on alienation of ships or containers are taxable only in the enterprise's State where operational income was so taxed or the assets were situated outside the other State at alienation. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6160