https://www.taxtmi.com/acts?id=44629 Income from immovable property derived by a resident may be taxed in the State where the property is situated, including income from agriculture and forestry. "Immovable property" is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct and rights to payments for working mineral deposits and other natural resources; ships, boats, aircraft and motor vehicles are excluded. The rule applies to income from direct use, letting or other exploitation and covers enterprise property income and property used for independent personal services. en-us Wed, 16 Oct 2024 12:09:59 +0530 Tue, 22 Oct 2024 16:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44629 Income from immovable property derived by a resident may be taxed in the State where the property is situated, including income from agriculture and forestry. "Immovable property" is defined by local law and includes accessories, livestock and equipment used in agriculture and forestry, rights subject to landed property law, usufruct and rights to payments for working mineral deposits and other natural resources; ships, boats, aircraft and motor vehicles are excluded. The rule applies to income from direct use, letting or other exploitation and covers enterprise property income and property used for independent personal services. Act-Rules DTAA Wed, 16 Oct 2024 12:09:59 +0530 https://www.taxtmi.com/acts?id=44629