https://www.taxtmi.com/acts?id=8869 Income from immovable property derived by a resident may be taxed in the State where the property is situated; immovable property is defined by the law of that State and includes accessories, livestock and equipment for agriculture and forestry, usufruct, and rights to payments for working mineral deposits, while ships, boats and aircraft are excluded. The rule applies to direct use, letting or other use and extends to enterprises and to immovable property used for independent personal services. en-us Sat, 21 Jun 2008 11:22:32 +0530 Wed, 06 Nov 2024 15:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8869 Income from immovable property derived by a resident may be taxed in the State where the property is situated; immovable property is defined by the law of that State and includes accessories, livestock and equipment for agriculture and forestry, usufruct, and rights to payments for working mineral deposits, while ships, boats and aircraft are excluded. The rule applies to direct use, letting or other use and extends to enterprises and to immovable property used for independent personal services. Act-Rules DTAA Sat, 21 Jun 2008 11:22:32 +0530 https://www.taxtmi.com/acts?id=8869