Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resident of a Country Having DTAA with India and Such Foreign Company Does Not have a Permanent Establishment within the Definition of the Term in the Relevant DTAA; https://www.taxtmi.com/news?id=15016 Amendment excludes application of Section 115JB to foreign companies that are residents of a treaty partner country where the foreign company does not constitute a permanent establishment as defined in the relevant DTAA, and to foreign companies resident in non treaty countries that are not required to seek registration under the Companies Act; an appropriate amendment to the Income tax Act will be carried out. en-us Thu, 24 Sep 2015 18:10:51 +0530 Thu, 24 Sep 2015 18:10:51 +0530 TaxTMI RSS Generator Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resident of a Country Having DTAA with India and Such Foreign Company Does Not have a Permanent Establishment within the Definition of the Term in the Relevant DTAA; https://www.taxtmi.com/news?id=15016 Amendment excludes application of Section 115JB to foreign companies that are residents of a treaty partner country where the foreign company does not constitute a permanent establishment as defined in the relevant DTAA, and to foreign companies resident in non treaty countries that are not required to seek registration under the Companies Act; an appropriate amendment to the Income tax Act will be carried out. News - Thu, 24 Sep 2015 18:10:51 +0530 https://www.taxtmi.com/news?id=15016