Withholding Tax
Recently, the Supreme Court (SC) held that without an express notification, the companies cannot, automatically, claim lower withholding tax of 5%, even if provided for in the Direct Tax Avoidance Agreement (DTAA).
- The SC was hearing a case concerning the withholding tax rate on payments of companies whose parent companies were located in the Netherlands, Switzerland, or France.
- The companies argued that the double taxation avoidance agreements (DTAAs) between India and these countries had a Most Favoured Nation (MFN) clause.
- The SC ruled that a 10% withholding tax rate and the benefits under the MFN clause would only be available if the government ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Goldilocks Economy
- 2 Financial Stability Report
- 3 SEBI Tightens Timelines for Rebalancing Mutual Fund Portfolios
- 4 RBI Relaxes PSL Norms for Small Finance Banks
- 5 Statistical Report on Agriculture and Allied Sectors
- 6 New Maritime Digital Initiatives: Powering Maritime Efficiency
- 7 RBI Introduces STRIPS in State Government Securities
- 8 Sagarmala Finance Corporation Limited: India’s First Maritime NBFC
- 9 India’s First International Agri Hackathon
- 10 Viksit Krishi Sankalp Abhiyan
