Japanese Bank's Permanent Establishment in India Taxed Equally to Indian Banks Under DTAA and Indian Income Tax Act.

Japanese Bank's Permanent Establishment in India Taxed Equally to Indian Banks Under DTAA and Indian Income Tax Act. https://www.taxtmi.com/highlights?id=48779 Rate of tax applicable to PE of foreign entity - DTAA between India and Japan - by virtue of Clause 24(2) of the said agreement and the statutory recognition thereof in Section 90(2), the PE of a Japanese entity(bank) in India could not have been charged tax at a rate higher than comparable Indian assessees carrying on the same activities - taxable @ applicable on Indian bank en-us Wed, 21 Aug 2019 07:50:35 +0530 Wed, 21 Aug 2019 07:50:35 +0530 TaxTMI RSS Generator Japanese Bank's Permanent Establishment in India Taxed Equally to Indian Banks Under DTAA and Indian Income Tax Act. https://www.taxtmi.com/highlights?id=48779 Rate of tax applicable to PE of foreign entity - DTAA between India and Japan - by virtue of Clause 24(2) of the said agreement and the statutory recognition thereof in Section 90(2), the PE of a Japanese entity(bank) in India could not have been charged tax at a rate higher than comparable Indian assessees carrying on the same activities - taxable @ applicable on Indian bank Highlights Income Tax Wed, 21 Aug 2019 07:50:35 +0530 https://www.taxtmi.com/highlights?id=48779