https://www.taxtmi.com/acts?id=10358 Capital represented by immovable property is taxable in the State where situated (see Article 6). Movable property forming part of a permanent establishment's business property, or movable property pertaining to a fixed base for independent personal services, may be taxed in the State of that establishment or base. Ships and aircraft operated in international traffic, and related movable property, are taxable only in the State of the enterprise's residence. All other elements of a resident's capital are taxable only in the resident State. en-us Sat, 17 Jan 2009 18:42:45 +0530 Mon, 25 Nov 2024 17:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10358 Capital represented by immovable property is taxable in the State where situated (see Article 6). Movable property forming part of a permanent establishment's business property, or movable property pertaining to a fixed base for independent personal services, may be taxed in the State of that establishment or base. Ships and aircraft operated in international traffic, and related movable property, are taxable only in the State of the enterprise's residence. All other elements of a resident's capital are taxable only in the resident State. Act-Rules DTAA Sat, 17 Jan 2009 18:42:45 +0530 https://www.taxtmi.com/acts?id=10358