https://www.taxtmi.com/acts?id=9694 Income by way of royalty or fees for technical services received by a non-resident or foreign company shall be computed under the head "Profits and gains of business or profession" where the recipient carries on business in India through a permanent establishment or performs professional services from a fixed place of profession and the royalties or fees are effectively connected with that permanent establishment or fixed place of profession. Deductions are restricted to expenditures wholly and exclusively incurred for that business, and remittances to head office or other offices (other than reimbursements of actual expenses) are non-allowable. Such non-residents must keep books of account, have accounts audited, and furnish the audit report with their return. en-us Wed, 22 Oct 2008 08:57:18 +0530 Wed, 22 Oct 2008 08:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9694 Income by way of royalty or fees for technical services received by a non-resident or foreign company shall be computed under the head "Profits and gains of business or profession" where the recipient carries on business in India through a permanent establishment or performs professional services from a fixed place of profession and the royalties or fees are effectively connected with that permanent establishment or fixed place of profession. Deductions are restricted to expenditures wholly and exclusively incurred for that business, and remittances to head office or other offices (other than reimbursements of actual expenses) are non-allowable. Such non-residents must keep books of account, have accounts audited, and furnish the audit report with their return. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 08:57:18 +0530 https://www.taxtmi.com/acts?id=9694