https://www.taxtmi.com/acts?id=45573 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located. The definition of immovable property is determined by the law of the State where the property lies and includes accessories, livestock and equipment used in agriculture and forestry, rights under landed property law, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats, motor vehicles and aircraft are not regarded as immovable property. The rule covers income from direct use, letting, other uses, enterprise property income, and income assimilated to immovable property under domestic law. en-us Fri, 18 Oct 2024 17:08:17 +0530 Wed, 23 Oct 2024 16:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45573 Income derived by a resident of one Contracting State from immovable property situated in the other Contracting State may be taxed in the State where the property is located. The definition of immovable property is determined by the law of the State where the property lies and includes accessories, livestock and equipment used in agriculture and forestry, rights under landed property law, usufruct, and rights to payments for working mineral deposits and other natural resources; ships, boats, motor vehicles and aircraft are not regarded as immovable property. The rule covers income from direct use, letting, other uses, enterprise property income, and income assimilated to immovable property under domestic law. Act-Rules DTAA Fri, 18 Oct 2024 17:08:17 +0530 https://www.taxtmi.com/acts?id=45573