OrbitaxIndian decision on whether reimbursement of expenses to Hong Kong company should be subject to withholding tax
|Treaty Development|India-Hong Kong
The Delhi Bench of the Indian Income Tax Appellate Tribunal (ITAT) delivered a ruling dated 23 February 2007, in the case of Assistance Commissioner of Income Tax v. Modicon Network (P) Ltd [2007 14 SOT 204), on whether remittances to a Hong Kong company towards reimbursement of certain expenses would be liable to withholding tax in India as Fees for Technical Services (FTS).
…Continue Reading
