Tag Archives: pe

Equalisation Levy Rules, 2016 notified: Govt.

Indian Government recently notified Equalisation Levy Rules, 2016 on digital transactions in consonance with the initiative of the Organization for Economic Co-operation and Development (OECD). The Rules shall come into force w.e.f. June 1, 2016. The Finance Act, 2016 (Act) has introduced … Continue reading

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Mere co-operation doesn’t result in an AOP: DHC

In an important ruling that seems to provide clarity on taxation of turnkey contract consortiums, the Delhi High Court ruled that ‘mere corporation’ between consortium members should not result in an Association of Persons (“AOP”) tax risk in India. The … Continue reading

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Interest paid by PE of foreign bank to HO is deductible in hands of PE: ITAT

A Special Bench of Income Tax Appellate Tribunal held that interest paid by Permanent Establishment (PE) of a foreign bank in India to its Head Office and other Overseas Branches is deductible in hands of PE and the same interest … Continue reading

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