Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Act Amendment Expands Tax Exemptions for Non-Resident Entities and Clarifies Technical Service Provisions</h1> The amendment modifies section 10 of the Income-tax Act, introducing several key changes. It exempts income from royalties or technical services rendered to the National Technical Research Organisation for non-resident entities. The amendment also updates provisions related to employee definitions, application of tax provisions for certain organizations, and capital gains tax exemptions for equity transfers. Additional modifications include clarifications on asset classifications and agreement termination provisions, effective from April 1, 2019.