Wednesday, 20 January 2016

Fee received for 'Supply Management Services' isn't taxable as FTS or royalty under India-UK DTAA

IT/ILT: Where Indian company CTIL purchases turbocharger components directly from third party in UK and US and in relation to such purchases, applicant provides supply management services which ensure CTIL market competitive pricing from suppliers and applicant is not imparting its technical knowledge and expertise to Indian company based on which Indian company will acquire such skills and will be able to make use of it in future, Supply Management Services fees received by applicant is not FTS

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