Non-resident scope expanded: inclusion of in India operations and non resident transactions alters income tax coverage. The amendment inserts two sub-clauses into sub-section (2)(b) of section 295 to: bring operations carried out in India by a non-resident within the ... Summary
Non-resident scope expanded: inclusion of in India operations and non resident transactions alters income tax coverage.
The amendment inserts two sub-clauses into sub-section (2)(b) of section 295 to: bring operations carried out in India by a non-resident within the provision's scope, and to extend coverage to transactions or activities of a non-resident, with each insertion taking effect from its respective commencement date.
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