Royalty and FTS payment by NTRO to a non-resident to be tax-exempt

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..... Royalty and FTS payment by NTRO to a non-resident to be tax-exempt - Budget Dated:- 5-2-2018 - News - Royalty and FTS payment by NTRO to a non-resident to be tax-exempt Section 195 requires a .....

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..... person to deduct tax at the time of payment or credit to a non-resident. Given the business exigencies of the National Technical Research Organisation (NTRO), it is proposed to amend section 10 .....

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..... so as to provide that the income arising to non-resident, not being a company, or a foreign company, by way of royalty from, or fees for technical services rendered in or outside India to, the NTRO wi .....

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..... ll be exempt from income tax. Consequently, NTRO will not be required to deduct tax at source on such payments. This amendment will take effect from 1st April, 2018 and will, accordingly, apply .....

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..... in relation to assessment year 2018-19 and subsequent assessment years. [ Clause 5 ] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind .....

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..... ia.com - TMI - TaxTMI - TMITax .....

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