9911796707
TMI BlogInsertion of new section 44BBD.X X X X Extracts X X X X X X X X Extracts X X X X ..... ology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India. '44BBD. (1) Notwithstanding anything to the contrary contained in sections 28 to 43A, where an assessee, being a non-resident, engaged in the business of providing services or technology in India, for the purposes of setting up an electronics ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to in sub-section (1) shall be the following: -- (a) the amount paid or payable to the non-resident assessee or to any person on his behalf on account of providing services or technology; and (b) the amount received or deemed to be received by the non-resident assessee or on behalf of non-resident assessee on account of providing services or technology. (3) Notwithstanding anything in sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 43A, where an assessee, being a non- resident, engaged in the business of providing of services or technology in India, for the purposes of setting up an electronics manufacturing facility or in connection with manufacturing or production of electronic goods, article or thing in India,- (a) to a resident company which is establishing or operating electronics manufacturing facility or a connecte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... logy; and (b) the amount received or deemed to be received by the non-resident assessee or on behalf of non-resident assessee on account of providing services or technology. Sub-section (3) of the proposed section seeks to provides that notwithstanding anything in sub-section (2) of section 32 and sub-section (1) of section 72, where a non- resident assessee declares profits and gains of busines ..... X X X X Extracts X X X X X X X X Extracts X X X X
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