Wednesday 18 February 2015

Non-resident co.’s service of preparing finance scheme and arranging national and international loan

IT/ILT : Where assessee-company, intending to set up a power project, took services of non-resident company who prepared scheme for raising required finance as well as tie up for required loan from Indian and international financial institutions, and loans were availed by assessee, said services would come within ambit and sweep of term 'consultancy service'


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