Indian Tax Tribunal Holds that No Tax is Due on Payments for Taxation and Audit Services Provided Overseas
The Mumbai Income Tax Appellate Tribunal recently issued a decision on whether payments for services rendered overseas are subject to withholding tax in India. The case involved an Indian accounting firm, BSR & Company (BSR).
In the year concerned, BSR made payments for taxation and audit services to service providers in Ireland, Indonesia, the UK and the U.S., which amounted to approximat…
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