https://www.taxtmi.com/acts?id=37639 Profits from operation of aircraft in international traffic are taxable only in the enterprise's State of operation; profits from operation of ships in international traffic may be taxed in the other State but the tax is reduced by fifty percent. Containers used incidentally in international operations are treated as transport profits, interest integral to operations is treated as such and excluded from Article 11, and participation in pools, joint businesses and international operating agencies is covered by the aircraft rule. en-us Thu, 19 Sep 2019 12:13:07 +0530 Tue, 26 Nov 2024 17:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37639 Profits from operation of aircraft in international traffic are taxable only in the enterprise's State of operation; profits from operation of ships in international traffic may be taxed in the other State but the tax is reduced by fifty percent. Containers used incidentally in international operations are treated as transport profits, interest integral to operations is treated as such and excluded from Article 11, and participation in pools, joint businesses and international operating agencies is covered by the aircraft rule. Act-Rules DTAA Thu, 19 Sep 2019 12:13:07 +0530 https://www.taxtmi.com/acts?id=37639