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…
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…
In its ongoing efforts to curb tax evasion and combat black money, the Indian government has introduced a significant amendment to Section 230 of the Income Tax Act, 1961. This…