Don't Worry , Be Happy !
Bollywood films shooting abroad require help of foreign based service providers for arranging various kinds of jobs critical to the film shooting in the foreign locations .In this connection, however , a controversy of TDS compliance issue whether payments made to non resident service providers should suffer tax at source.This was the issue before ITAT [...]
The assessee ,a non-resident company operates in India with branches at New Delhi and Mumbai and is engaged in the business of providing consultancy on strategic planning and related activities. The assessee has filed returns in India from assessment year 1993-94. On 8-1-2010 the petitioner made an application under section 195(3) of the Income-tax Act, [...]
The assessee was a foreign company incorporated in Netherlands having its principal branch office in India. In course of its banking activities, the assessee?s said branch in India remitted substantial funds to its head office as payment of interest. The two question raised before Kolkata High Court was whether such interest payment was to be [...]
The assessee entered into technical assistance agreement dated 5-10-1984 with a Japanese company M/s Mazda Motor Corporation envisaging transfer of rights to assemble and manufacture certain vehicles in India. As per the said agreement, the assessee was to be given the assistance of Japanese engineers for training the engineers of the assessee. The payment made [...]
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