https://www.taxtmi.com/acts?id=15167 Profits from operating ships or aircraft in international traffic are taxable only in the enterprise's territory; this includes profits from full charters and from use, maintenance or rental of containers and related equipment when incidental to international transport. Interest and investments integral and directly connected to such operations are treated as profits from the operation and are not subject to separate taxation under general provisions. The exclusive-taxation rule also applies to income from participation in pools, joint businesses, and international operating agencies. en-us Mon, 12 Sep 2011 18:30:11 +0530 Fri, 20 Dec 2024 15:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15167 Profits from operating ships or aircraft in international traffic are taxable only in the enterprise's territory; this includes profits from full charters and from use, maintenance or rental of containers and related equipment when incidental to international transport. Interest and investments integral and directly connected to such operations are treated as profits from the operation and are not subject to separate taxation under general provisions. The exclusive-taxation rule also applies to income from participation in pools, joint businesses, and international operating agencies. Act-Rules DTAA Mon, 12 Sep 2011 18:30:11 +0530 https://www.taxtmi.com/acts?id=15167