Monday, August 5, 2019

Compensation paid to Foreign Co. for breach of contract not taxable in absence of PE in India; no requirement of TDS

IT : Where payment made to foreign buyer was not income within meaning of Article VII of DTAA to be taxable in India, question of deduction of tax at source did not arise and consequently no addition was warranted under section 40(a)(i)

from www.taxmann.com Latest Case Laws https://ift.tt/2Kq3R6D
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