The AAR rules that income arising to an FII from derivative transactions is ‘Business income’ and not liable to tax in India in the absence of permanent establishment (‘PE’) in India
Tax Edge Special - Obligation to withhold tax arises only if the income is liable to tax in India
Tax Edge Special - Advance Ruling on capital gains on transfer of shares by a Mauritian company
Tax Edge Special - AAR holds no gains arise on conversion of partnership firm to company
Tax Edge Special - AAR ruling on reimbursement of R&D expenses under Cost Contribution Arrangement
Tax Edge Special - AAR rules on beneficial ownership for treaty purposes
Tax Edge Special - AAR holds transfer of shares without consideration is not liable to tax
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