Category: International Tax

Updates and articles relating to International Tax

Effective from financial years starting on or after 1st June 2023 The country’s statutory tax rate will be 9 percent Read more…

As per Explanation 2 to Section 9(1)(vi) of the Act, royalty means consideration (including any lump sum consideration but excluding any consideration which would be the income of the recipient chargeable under the head Capital gains).

Fees for Technical Services means any consideration (including any lump sum consideration) for the rendering of any managerial, technical or consultancy services (including the provision of services of technical or other personnel).



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