In India, the taxation of income derived from Fees for Technical Services (FTS) has undergone significant changes since its introduction. Understanding the legal framework around the taxation of technical services…
In today's globalized economy, foreign collaborations, particularly technical collaborations, play a crucial role in advancing industries, bringing new technologies, and enhancing manufacturing capabilities. However, the taxability of such agreements in…
The concept of "tax" under Section 2(43) of the Income-tax Act, 1961, has evolved over time through legislative amendments and judicial interpretations. This article breaks down its historical context, legislative…
https://www.sahiprojectreport.com/Tax laws in India are structured to ensure clarity, precision, and consistency. Among the many definitions provided under the Income Tax Act, 1961, the term "prescribed", as defined under Section…
In the ever-globalizing world of commerce, Indian companies have increasingly engaged with foreign entities, providing valuable intellectual property and technical services. To incentivize such transactions and foster international partnerships, the…