Thursday, 14 November 2013

Fee from usage of software which facilitates shipping business isn’t FTS; no tax under India-Denmark

IT/ILT : Where assessee, a Denmark based company, recovered certain cost from its Indian agent towards useage of software which was directly connected with its shipping operations, same had to be treated as covered under article 9(1) of India-Denmark DTAA and, thus, it could not be taxed in India


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