https://www.taxtmi.com/article/detailed?id=6112 Reduction in taxation of royalties and fees for technical services payable to non residents is proposed, affecting withholding on such gross receipts. Interest paid by an Indian permanent establishment of a non resident banking entity to the head office or other overseas parts is proposed to be deemed to arise in India, with the PE treated as a separate and independent person and subject to deduction, disallowance and compliance consequences. Company residence is proposed to be based on place of effective management. Rules for foreign tax credit procedures and enhanced reporting and penalties for payments to non residents are also proposed. en-us Mon, 02 Mar 2015 07:25:33 +0530 Mon, 02 Mar 2015 14:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6112 Reduction in taxation of royalties and fees for technical services payable to non residents is proposed, affecting withholding on such gross receipts. Interest paid by an Indian permanent establishment of a non resident banking entity to the head office or other overseas parts is proposed to be deemed to arise in India, with the PE treated as a separate and independent person and subject to deduction, disallowance and compliance consequences. Company residence is proposed to be based on place of effective management. Rules for foreign tax credit procedures and enhanced reporting and penalties for payments to non residents are also proposed. Articles Budget - Tax Proposals Mon, 02 Mar 2015 07:25:33 +0530 https://www.taxtmi.com/article/detailed?id=6112