Stay updated with breaking news from Fees For Technical Service. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India News: MUMBAI: Recently, the Income-tax Appellate Tribunal (ITAT), Delhi bench, examined the taxability of management fees paid on external commercial borrow.
India Business News: Mumbai: In a big win for the revenue authorities, the Supreme Court of India (SC) has held that the provisions of the ‘Most Favoured Nation’ (MFN) cla.
ITAT Delhi held that payments received by the assessee qualifies as Fees for Technical Services (FTS) under sub-clause (4) of Article 12 of Indo – Singapore DTAA and hence rightly brought to tax @10%.
ITAT Mumbai held that charges received for carrying out of re-fabrication of bushing doesn’t tantamount to ‘make available of technical knowledge, experience, skill, know-how or process’ and hence cannot be taxed under Article 12 of Indo-Singapore tax treaty.