https://www.taxtmi.com/acts?id=6221 Profits from operation of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State, including revenue from carriage of passengers, mail, livestock or goods and related activities such as ticket sales, directly connected services, incidental rental, and participation in pools or joint businesses. Profits from use, maintenance or rental of containers used in such operations are similarly taxable only in the residence State; interest connected with operation funds is treated as operational profits, and gains on alienation of ships, aircraft or containers used in international traffic are taxable only in that State. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 Nov 2024 18:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6221 Profits from operation of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State, including revenue from carriage of passengers, mail, livestock or goods and related activities such as ticket sales, directly connected services, incidental rental, and participation in pools or joint businesses. Profits from use, maintenance or rental of containers used in such operations are similarly taxable only in the residence State; interest connected with operation funds is treated as operational profits, and gains on alienation of ships, aircraft or containers used in international traffic are taxable only in that State. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6221