WebJun 17, 2024 · 7. Shri J.D. Mistry, learned Sr. Counsel appearing for the assessee submitted, the subscription fee received by the assessee from Indian customers for providing access to the database is not in the nature of royalty or fees for technical services either under the Act or under the India – Germany Tax Treaty. He submitted, the … WebApr 12, 2024 · The Indian government vide amendment to the Indian Budget 2024 proposed to increase the special tax rate on Royalty income and FTS earned by a non-resident or …
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WebMar 24, 2024 · Withholding tax on royalty fees doubles to 20%. MUMBAI: The Finance Bill passed by the Lok Sabha on Friday has increased the withholding tax rate under the … http://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-CBDT-amends-rules-to-exempt-dividend-payment-to-non-residents.pdf titanic where to stream
Fts: Withholding Tax On Royalty Fees Doubles To 20% - Times of …
WebMar 5, 2024 · Executive summary. On 2 March 2024, the Indian Supreme Court 1 ruled in favor of non-Indian taxpayers with computer software sales to Indian customers. 2 The Court ruled that software sales should not be characterized as “royalties” under applicable tax treaty law, consequently not triggering Indian withholding tax in the absence of a ... WebDec 28, 2024 · ICAI has published the revised “Technical Guide on Royalty and Fees for Technical Services” (December 2024 Edition), which incorporates all the amendments made by the Finance Act, 2024, for guidance of the members/ stakeholders. The importance of being aware of the tax implications that may be associated with royalty income that is ... WebApr 10, 2024 · Till date, the DTAA rate (in most treaties) and the domestic income tax rate were the same @ 10 percent for royalty/ FTS. As a matter of fact, the DTAA rates were more beneficial as the domestic withholding rate of 10% attracts surcharge and cess. Even where the DTAA rates were higher than 10%, beneficial option was always available to … titanic whistle blown