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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Annual Survey of Services Sector Enterprises
- 2 Paste Fill Technology for Coal Mining
- 3 Multi Modal Logistics Park
- 4 Vizhinjam Seaport: India's First Deep-Water Container Transshipment Port
- 5 SEBI's Proposed Ease of Doing Business Measures for REITs and INVITs
- 6 Common Contract Note
- 7 Standing Deposit Facility
- 8 Green Municipal Bonds
- 9 M-CADWM Scheme Approved
- 10 Guidelines for Setting up Bio-Input Resource Centres
- 1 RBI Issues Norms to Regulate Cross-Border Payment Aggregators
- 2 RBI Issue Norms for Closure of DCCBs
- 3 Government Allows Direct Overseas Listing of Indian Companies
- 4 Section 54EC Bonds
- 5 Double Taxation Avoidance Agreement
- 6 Jamrani Dam Multipurpose Project
- 7 Standards & Labelling Programme for Solar PV Modules
- 8 Indian Oil launches Reference Fuels
