The Income Tax Department has proposed to amend rules related to obtaining certificates by assessees for deduction of income tax at lower rates or no deduction. The Department has invited comments from various stakeholders by September 4. The amended rules are likely to be notified by mid-September.
The Income Tax Department has proposed to amend rules related to obtaining certificates by assessees for deduction of income tax at lower rates or no deduction. The Department has invited comments from various stakeholders by September 4. The amended rules are likely to be notified by mid-September.
Mumbai bench of the Income-Tax Appellate Tribunal in favour of the US multinational sets a precedent for the taxation of the franchise model good news for franchises of foreign brands that already operate across India. Foreign multinationals can expand their brand presence in India through a franchise agreement without suffering a higher tax burden imposed on permanent establishments (PE) following the Domino’s Pizza case.
Suraj Nangia, Partner answers the queries on personal tax for Financial Express readers .
Mumbai bench of the Income-Tax Appellate Tribunal in favour of the US multinational sets a precedent for the taxation of the franchise model good news for franchises of foreign brands that already operate across India. Foreign multinationals can expand their brand presence in India through a franchise agreement without suffering a higher tax burden imposed on permanent establishments (PE) following the Domino’s Pizza case.
