Points considered in case of Indian agents of foreign suppliers.

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..... rs from whom fertilisers are procured by the Supply Department. They have observed that there is a tendency on the part of the foreign suppliers and also their Indian agents to avoid disclosing the commission with a view to evading payment of proper taxes and with the object of accumulating foreign exchange abroad in violation of the Foreign Exchange Regulations Act. They have commented that most .....

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..... like doctors, lawyers, architects etc. 4. While making assessments in the case of the Indian agents of foreign suppliers, the following points inter alia should be kept in view:- (i) The Income-tax Officer should carefully scrutinise the contract between the foreign principal and the Indian agent with a view to ascertaining complete particulars regarding the Indian agents, the remuneration pay .....

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..... go into the extent of properly admissible expenses. (iv) In respect of countries with which India has tax treaties containing a provision for exchange of information for prevention/detection of tax evasion, it may be possible to request the foreign country in suitable cases to supply inter alia the relevant information Income-tax Officers are advised to make a reference to the Board through thei .....

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