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Sum paid to NR for providing equipment and software to Indian clients facilitating ‘Forex deal matching’ is royalty

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  • Sum paid to NR for providing equipment and software to Indian clients facilitating ‘Forex deal matching’ is royalty
Posted onon July 24, 2014

Tenet Tax Daily July 18 2014

By tenettax-team
International Tax

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Interest earned from inter-corporate loans and foreign currency account are eligible for sec. 10B relief
ITAT lays down litmus test to determine ‘closely linked’ transactions for TP purposes and for their clubbing

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