Taxation of outbound payments: income arising outside India now captured when resident pays certain sums to non-residents. The amendment inserts a new clause in section 9(1) treating specified sums paid by a resident in India to non-resident individuals (not being a company) ... Summary
Taxation of outbound payments: income arising outside India now captured when resident pays certain sums to non-residents.
The amendment inserts a new clause in section 9(1) treating specified sums paid by a resident in India to non-resident individuals (not being a company) or to foreign companies as income arising outside India, thereby expanding the class of cross-border payments characterised as taxable under the source provisions and applying from the stated effective date.
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