IT : AAR ruled that where applicant, a Financial Institution of France, entered into agreements with clients, engaged in business of developing infrastructure projects in India for grant of loan facility and will earn front end fee, commitment fee, cancellation fee, monitoring fee and amendment fee front-end fee payable by a customer in India for appraisal of loan application carried out outside India, not taxable as income from 'interest' under article 12 of India-France tax treaty in addition
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