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of <h1>CBDT Withdraws Guidelines for FTCs' Indian Ads Revenue; Rule 10 Applies Without Local Accounts; DTAA Impacts Taxability.</h1> The Central Board of Direct Taxes has withdrawn previous guidelines for computing profits of foreign telecasting companies (FTCs) from Indian advertisement payments, effective March 31, 2001. From the assessment year 2002-2003 onwards, FTCs' total income from advertisements will be determined by Assessing Officers under the Income-tax Act, 1961. If Indian operation accounts are unavailable, rule 10 of the Income-tax Rules, 1962 may apply. FTCs from countries with a Double Taxation Avoidance Agreement (DTAA) with India are taxable only if they have a Permanent Establishment in India. FTCs from countries without a DTAA are governed by sections 5 and 9 of the Income-tax Act, 1961. Other income types, such as subscription charges and decoder sales, remain taxable under these provisions.
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