https://www.taxtmi.com/acts?id=45575 Profits from the operation of ships or aircraft in international traffic are taxable only in the State of residence of the enterprise, and this rule applies to participation in pools, joint businesses, international operating agencies and consortium arrangements in proportion to participation. "Profits from the operation of ships or aircraft in international traffic" include receipts from transporting passengers, mail, livestock or goods, sale of tickets on behalf of others, incidental leases of vessels or aircraft, and use, maintenance or rental of containers; interest on funds generated by the operation and arising to a permanent establishment is treated as such operational profit, excluding interest on investment funds. en-us Fri, 18 Oct 2024 17:09:13 +0530 Wed, 23 Oct 2024 16:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45575 Profits from the operation of ships or aircraft in international traffic are taxable only in the State of residence of the enterprise, and this rule applies to participation in pools, joint businesses, international operating agencies and consortium arrangements in proportion to participation. "Profits from the operation of ships or aircraft in international traffic" include receipts from transporting passengers, mail, livestock or goods, sale of tickets on behalf of others, incidental leases of vessels or aircraft, and use, maintenance or rental of containers; interest on funds generated by the operation and arising to a permanent establishment is treated as such operational profit, excluding interest on investment funds. Act-Rules DTAA Fri, 18 Oct 2024 17:09:13 +0530 https://www.taxtmi.com/acts?id=45575