WebWords in green Income Tax Act vs DTAA FTS present only in the Act FTS definition – Income Tax Act, 1961 • Consideration (including any lump sum consideration) for the rendering of any managerial, technical or … WebFTS. Fourier Transform Spectrometer. Governmental » NASA. Rate it: FTS. Federal Telecommunications System. Academic & Science » Ocean Science -- and more... Rate …
Overview of Double Tax Avoidance Agreements Provisions
WebAug 5, 2024 · The concept of ‘make available’ clause in the tax treaties means the person aquiring the services is equipped to apply the technology or technical knowledge or technical expertise contained therein in future. Taxability as per Income tax Act, 1961 (ITA) –. Section 9 (1) (vii) (b) of the ITA provides that FTS shall be deemed to accrue or ... WebJun 5, 2024 · Step 1 – Evaluate the provision of Income Tax Act, 1961. Whether payment is taxable as Royalty/ FTS – If it is taxable, ascertain the rate of withholding tax . If the … biochar from hemp
What does FTS stand for? - abbreviations
WebOct 9, 2024 · Explanation 1.—For the removal of doubts, it is hereby declared that the charge of tax in respect of a company incorporated in the specified territory outside India at a rate higher than the rate at which a domestic company is chargeable, shall not be regarded as less favourable charge or levy of tax in respect of such company. WebArticle 12 - Royalties & FTS 7. Article 13 - Capital gains 8. Article 14 - Independent Personal Services 9. Article 15 - Dependent Personal Services 10. Article 16 – Directors fees ... Meaning under Income-tax Act, 1961 Meaning under Income-tax Act, 1961, unless the context requires other interpretation Yes No Notified definition in Official WebIncome under this section shall be chargeable to income tax as per normal slab rates applicable on assessee. Applicability of section 115A :- If royalty or fees for technical services is received by non resident or foriegn company as per the agreement with government or indian concern and NOT carrying business through a permanent … biochar for plants