https://www.taxtmi.com/acts?id=45638 Profits from operating ships in international traffic are taxable only in the Contracting State where the enterprise is resident, subject to a limited transitional allowance for taxation by the source state for specified initial fiscal years. The rule also covers profits from participation in pools, joint businesses or international operating agencies engaged in ship operation, and interest connected with ship operation is treated as shipping profits, excluding the application of Article 12 to that interest. en-us Wed, 23 Oct 2024 12:25:11 +0530 Wed, 23 Oct 2024 12:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45638 Profits from operating ships in international traffic are taxable only in the Contracting State where the enterprise is resident, subject to a limited transitional allowance for taxation by the source state for specified initial fiscal years. The rule also covers profits from participation in pools, joint businesses or international operating agencies engaged in ship operation, and interest connected with ship operation is treated as shipping profits, excluding the application of Article 12 to that interest. Act-Rules DTAA Wed, 23 Oct 2024 12:25:11 +0530 https://www.taxtmi.com/acts?id=45638