https://www.taxtmi.com/circulars?id=8940 Expense claims by foreign collaborators for royalties, technical service fees and know how must be subject to in depth scrutiny; assessing officers should consider alternative computation methods where appropriate. If claimed expenses exceed one third of gross receipts from royalties or technical service fees, the Commissioner of Income tax must review the case and advise assessing officers. Assessment recordkeeping for foreign companies should be improved, with remedial measures implemented and attention from newly created IAC ranges. en-us Thu, 01 Jan 1976 00:00:00 +0530 Wed, 01 Jun 2011 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8940 Expense claims by foreign collaborators for royalties, technical service fees and know how must be subject to in depth scrutiny; assessing officers should consider alternative computation methods where appropriate. If claimed expenses exceed one third of gross receipts from royalties or technical service fees, the Commissioner of Income tax must review the case and advise assessing officers. Assessment recordkeeping for foreign companies should be improved, with remedial measures implemented and attention from newly created IAC ranges. Circulars Income Tax Thu, 01 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8940