India Tax News
Treaty between India and Norway – withholding tax rates reduced
Indian ruling on taxability of salary reimbursement paid to related companies
Protocol to treaty between India and Cyprus – negotiations
Indian ruling on classification of income of Canadian and US foreign institutional investors making portfolio investments in India
Indian decision on whether PE had to be in existence during receipt of income in order to be taxable
Indian Supreme Court decision on transaction value between related parties
Indian decision finds payments for use of satellite transponder not "royalty"
Indian decision on whether profits from supply of equipment taxable
Ruling on taxability of non-resident with captive BPOs to be appealed
Indian ruling that commission paid to non-residents are taxable in India even if the services are provided outside India
Indian decision on applicability of tax treaty or domestic tax rate for different income streams
Indian decision on applicability of non-discrimination article in India-Korea (Rep.) tax treaty
Indian ruling on taxability of payments for information under India-UK tax treaty
Indian decision on applicable tax rate for down payment for transfer of technical know-how
Indian decision that fees for (interior) designs or drawings do not constitute technical service fees or royalty under India-Singapore tax treaty
Tribunal ruling on taxation of foreign telecasting company in India
Treaty between India and Singapore – Singapore seeks further amendments re CGT
Protocol between Japan and India signed
Budget for 2006/07
Indian decision on applicability of India-UAE treaty (re shipping income) to UAE residents
Ruling on taxability of non-residents with captive BPOs
Protocol between India and Italy – details
National Tax Tribunal takes effect
Indian ruling that US pension fund does not qualify for treaty benefits
Protocol between India and Italy signed
Advance ruling on segregation of technical service fees under tax treaties
Decision on deductibility of interest paid by Indian branch to Netherlands head office
On 3 November 2005 the Indian Union Cabinet gave its approval for the signing of a protocol amending the India-Italy income tax treaty of 19 February 1993. Further details of the protocol will be reported subsequently.
The Japanese Ministry of Finance announced on 31 October 2005 that Japan and India have agreed to revise their tax treaty Basically, both countries agreed to partially revise the existing treaty as follows:
Taxation of income "Foreign Institutional Investors" being reviewed
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